Psychology Dictionary of ArgumentsHome
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| Allocation: Allocation in economics refers to the distribution of resources, goods, or services in an economy, often influenced by market mechanisms, government policies, or other factors. It addresses how scarce resources are assigned to meet various needs and wants._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Gregory N. Mankiw on Allocation - Dictionary of Arguments
Mause I 152 Allocation/Mankiw/Taylor: any balanced allocation in a perfect market is welfare maximizing. (1) Def Welfare: "social surplus", the sum of consumer and producer surpluses. Def consumer surplus: the amount of money that households "save" that would have been ready to pay a higher price for the goods than the equilibrium market price. Def producer surplus: the (short-term) profit of enterprises, as the surplus of total proceeds over the costs below the marginal costs up to the equilibrium quantity. 1. Gregory N. Mankiw, Mark P. Taylor, Grundzüge der Volkswirtschaftslehre, Stuttgart 2016, p. 249_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconManki I N. Gregory Mankiw Mark P. Taylor Economics German Edition: Grundzüge der Volkswirtschaftslehre Stuttgart 2016 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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