Efficiency of Resource Allocation by Uninformed Demand

DOI10.2307/1913391MaRDI QIDQ3968711zbMATH OpenOpenAlexFDO

Authors Theodore Groves, Sergiu Hart

Publication date 1982

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/1913391

zbMATH Keywords

demand messagesefficient resource allocationlarge number of firmsresource allocatoruninformed demand

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cited in

(2)

• Decentralized allocation of resources among many producers
• Management characteristics and corporate performance of Chinese chemical companies: the moderating effect of managerial ability

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