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The planner of the year: egalitarian planned economy

The planner of the year: egalitarian planned economy. Prof. Otsubo’s lecture Burkhanov Saidakhror DID, M1. About my country. I am planner of country X Country X is egalitarian planned economy Provide equal gains to both sellers and buyers The name of the game is equity

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The planner of the year: egalitarian planned economy

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  1. The planner of the year: egalitarian planned economy Prof. Otsubo’s lecture Burkhanov Saidakhror DID, M1

  2. About my country • I am planner of country X • Country X is egalitarian planned economy • Provide equal gains to both sellers and buyers • The name of the game is equity • I have apparatus that ensures perfect information for my decision making

  3. My task is… • To obtain sellers’ cost and buyers’ price limit • To match up every participants’ deal that each deal gives equal gain/profit to the deal-making parties

  4. Solution (1)…

  5. Solution (2)…

  6. Solution (3)…

  7. Conclusion • It is technically impossible to develop a perfect egalitarian society among buyers, as well as, among sellers • In order to pursue equality in the market, bureaucrats should set a price for each deal between one buyer and seller rather than to set one price for all market players

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