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The Coefficient of Resource Utilization

Gerard Debreu
Econometrica
Vol. 19, No. 3 (Jul., 1951), pp. 273-292
Published by: The Econometric Society
DOI: 10.2307/1906814
Stable URL: http://www.jstor.org/stable/1906814
Page Count: 20
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The Coefficient of Resource Utilization
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Abstract

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.

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