Accession Number:

AD0691864

Title:

ON DIFFERENT METHODS FOR ALLOCATING RESOURCES,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1969-07-01

Pagination or Media Count:

11.0

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.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE