Nicholson微观基本原理与扩展第十七章(英文).pdfVIP

C H A P T E R 17 THE EFFICIENCY OF PERFECT COMPETITION Although most people recognize the equilibrium properties of the competitive price system (after all, prices usually do not fluctuate widely from day to day), they see little overall pattern to the resulting allocation of resources. The relationships described by the competitive model presented in the previous chapter are so complex it is hard to believe that any desirable outcome will emerge from the chaos. This view provides an open-ended rationale to tinker with the system— because the results of market forc