Reference Entry

efficient allocation

John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Third edition

Published in print January 2009 | ISBN: 9780199237043
Published online January 2009 | e-ISBN: 9780191726637
efficient allocation

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A feasible allocation of economic resources such that there is no alternative feasible allocation where one economic agent is better

Reference Entry.  32 words. 

Subjects: Economics

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