The coefficient of resource utilization

A numerical evaluation of the "dead loss" associated with a non-optimal situation (in the Pareto sense) of an economic system is sought. Use is made of the intrinsic price systems associated with optimal situations of whose existence a noncalculus proof is given. A coefficient of resource utilization yielding measures of the efficiency of the economy is introduced. The treatment is based on vector-set properties in the commodity space.

Английский

Econometrica. – 1951. – Vol. 19, № 3. – P. 273–292.