Accession Number : AD0603914

Title :   THE COEFFICIENT OF RESOURCE UTILIZATION,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Debreu,Gerard

Report Date : APR 1951

Pagination or Media Count : 33

Abstract : A numerical evaluation of the 'dead loss' associated with a nonoptimal situation (in the Pareto sense) of an economic system is sought. Use is made of the intrinsic price systems associated with optimal situations of whose existence a noncalculus proof is given. A coefficient of resource-utilization yielding measures of the efficiency of the economy is introduced. The treatment is based on vector set properties in the commodity space. (Author)

Descriptors :   (*ECONOMICS, COMMERCE), OPTIMIZATION, COSTS, PRODUCTION, THEORY, MATHEMATICAL ANALYSIS

Distribution Statement : APPROVED FOR PUBLIC RELEASE