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A resource allocation method based on competitiveness equilibrium for manufacturing grid
Competitive equilibrium Grid Iterative algorithm
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2011/10/23
Optimal resource configuration is a critical issue for manufacturing grids. Economics is introduced for establishing a manufacturing grid resource marketplace and allocating resources based on market ...
Uncertain Externalities, Liability Rules, and Resource Allocation
economic profit
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2011/10/5
The rich literature on the economics of externalities has been confined to the analysis of certainty-perfect knowledge of the impact an action taken by one economic unit will have on another unit. The...