| ID | 364449 |
| Title Proper | Numerical examples of a market adjustment mechanism |
| Other Title Information | Dept. of Economics, Univ. of Pittsburgh, Working Paper No. 52, January 1977 |
| Language | ENG |
| Author | Moulton, Gregory ; Rozek, Richard |
| Summary / Abstract (Note) | A central issue in economic analysis is resource allocation. In order to judge whether or not resources are allocated efficiently, economists foucs their attention on the examination of market equilibrium. Section I of the paper briefly describes the operation and implications of the bidding process and Section II discusses the construction of computer generated numerical examples of the bidding process for two cases. |
| `In' analytical Note | In Hooley, Richard: Productivity measurement in Asian countries: paper delivered at the Asian Productivity Organization, Second Productivity Workshop held in Bangkok, December 5-12, 1975. [Dept. of Economics, Univ. of Pittsburgh, Working Paper No. 50] Pittsburgh, Pennsylvania. Department of Economics, University of Pittsburgh, 1975. |
| Key Words | Economic Analysis ; Market adjustment mechanism |