Accession Number : AD0691864

Title :   ON DIFFERENT METHODS FOR ALLOCATING RESOURCES,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Shubik,Martin

Report Date : JUL 1969

Pagination or Media Count : 11

Abstract : The paper discusses the various means of allocating resources within an economy. The following eight processes appear to be the major means for the allocation of resources: the economic market with a price system; voting procedures, bidding; bargaining; allocation by higher authority, fiat or dictatorship; allocation by force, fraud and deceit; allocation by custom, including gifts and inheritance; and allocation by chance.

Descriptors :   (*DISTRIBUTION(ECONOMICS), *COMMERCE), SCHEDULING, BARGAINING, COSTS, POLITICAL SCIENCE, PROCUREMENT

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE