Efficiency of Resource Allocation by Uninformed Demand

DOI10.2307/1913391zbMath0502.90005OpenAlexW1983652688MaRDI QIDQ3968711

Sergiu Hart, Theodore Groves

Publication date: 1982

Published in: Econometrica (Search for Journal in Brave)

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

zbMATH Keywords

large number of firmsefficient resource allocationdemand messagesresource allocatoruninformed demand

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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