1 when the object is optimal resource allocation that combination of legal methods should be used that most nearly yields the allocation that would exist if there were no external costs resulting from allocating resources through market activity.
2 if all externalities were internalized, transactions would occur until were internalized transactions would occur until bargaining could no longer improve the situation, thus giving an optimal allocation of resources at a given time.作者: tongxun 时间: 2003-5-2 01:21
投降！作者: 复仇剑 时间: 2003-5-2 13:12
these two sentences come form gre. who can help on the first one?作者: licheng 时间: 2003-5-6 04:46
1 when the object is optimal resource allocation that combination of legal methods should be used that most nearly yields the allocation that would exist if there were no external costs resulting from allocating resources through market activity.
condition 1:
the object is optimal resource allocation
condition 2:
no external costs resulting from ...
conclusion:
combination of legal methods should be used., bla bla...
hope it is right
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