Sentence examples for efficient allocations from inspiring English sources
A fundamental fact of modern economics is the conflict between efficiency and incentive compatibility, that is, the fact that some Pareto optimal (efficient) allocations are not incentive compatible.
Economic theory teaches us that free trade in markets leads to efficient allocations.
One strand in the literature assumes that household members only choose Pareto efficient allocations.
This paper considers Nash implementation and double implementation of Pareto efficient allocations for production economies.
We present a well-behaved mechanism that fully implements Pareto efficient allocations in Nash equilibrium.
The mechanism then is modified to fully doubly implement Pareto efficient allocations in Nash and strong Nash equilibria.
To handle the issue of optimum spectral efficiency, efficient allocation of spectrum resources is essential among D2D users.
"It is an efficient allocation of resources.
Provincial barriers to trade hamper the efficient allocation of resources.
The second is to encourage the efficient allocation of capital.
"Who knows what the most efficient allocation is anyway?
