Accession Number:

AD0738082

Title:

On the Paradox of the Efficient Price System in a Completely Centralized Economy and in a Capitalist Individual Ownership Economy,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

• Shubik,Martin

Report Date:

1971-08-01

Pagination or Media Count:

9.0

Abstract:

The crucial role of the number of competitors in an economy is utilized to show the difference between a centralized price system and a free enterprise or competitive price system. Author

Descriptors:

• (*ECONOMICS
• ANOMALIES)
• (*COMMERCE
• GAME THEORY)
• FACTOR ANALYSIS
• BEHAVIOR
• SYSTEMS ENGINEERING
• MATHEMATICAL MODELS

Subject Categories:

• Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE