allocative

Though both Laureates have also made important contributions to the mathematical technique of linear programming, this was not what they were honored for; instead they received the Prize for enriching our understanding of basic economic issues in normative allocative theory by applying new tools of analysis.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010

And once again economists will prove their own worth by calculating allocative efficiency by disregarding the unknowns and unknowables.

Environmentalist Forecasting Model, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Concerning GKC, I don't recognize in the deceased, or in the living for that matter, any entitlement to make allocative decisions with other people's belongings.

Hayek and Fusionism, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Ordoliberalism is a school of liberalism that emphasises the need for the state to ensure that the free market produces results close to its theoretical potential (see allocative efficiency).

Think Progress » Boehner Claims Student Loan Reform Will ‘Eliminate Every Bank In The Country’ 2010

It has reduced point-source pollution and increased allocative efficiency, but monitoring and enforcements costs are the same or higher, dirty plants become more concentrated, market power can prevent entry of cleaner plants, and the whole system is controlled by corporations with an incentive to fraud, politically aided and abetted by the government.

Environmentalist Forecasting Model, Arnold Kling | EconLog | Library of Economics and Liberty 2009

But types of government are only a subset of a larger category: ways of making allocative decisions.

An Outside Perspective on GMU, Bryan Caplan | EconLog | Library of Economics and Liberty 2009

First, my previous comment on Musgrave's classification of government functions was to make the point that any positive analysis of a government program cannot be based on a separation of allocative and distributive effects.

From Musgrave to Shaviro, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Eric, you appear to confuse allocative and technological efficiency.

Environmentalist Forecasting Model, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Not only did the effects of the crisis hit both countries hard, it also prompted a reconsideration of a fundamental economic concept: allocative efficiency.

John Sullivan: In the Face of Crisis, Russian and Ukrainian Economies Take Another Path John Sullivan 2010

In total, though, allocative efficiency is still a functional approach.

John Sullivan: In the Face of Crisis, Russian and Ukrainian Economies Take Another Path John Sullivan 2010