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The planner of the year: egalitarian planned economy

Learn about the principles of an egalitarian planned economy from Prof. Otsubo's lecture. Discover how Country X ensures fairness for both sellers and buyers, emphasizing equity in all deals. Explore the challenges and solutions in achieving equality in the market through individualized deal pricing. Dive into the complexities of creating a truly egalitarian society and the role of bureaucrats in promoting market equality.

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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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