Which allocation system is more effective in getting a commodity to those who need it most?

Article Abstract:

The efficiency of commodity allocation systems is determined by comparing free access and price controlled systems with price and rationing systems. An extended Weitzman allocation model, which considers quadratic loss as a proxy to efficiency, indicates that optimal price controls are more effective than free access allocation. A rationing system which precludes resale of commodities entails government distribution costs which reduces its efficiency.

Price & Wage Controls, Economic aspects, Distribution, Neoclassical economics, Resource allocation, Commodities, Wage price policy, Rationing

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A note on comparative statics for a labor-managed firm engaged in exporting

Article Abstract:

Research is presented describing the impact of export subsidies on the export growth of labor-managed companies.

Economic Statistics & Research, Business, Economic conditions, Business research, Export subsidies

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