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Tjalling Koopmans - Optimizing responses of economic...

Optimizing responses of economic agents are simultaneously feasible only if the proper prices are already known to them. But these prices must somehow themselves be the result of the same responses. (Tjalling Koopmans)

Optimizing responses of economic agents are simultaneously feasible only if the proper prices are already known to them. But these prices must somehow themselves be the result of the same responses.

Tjalling Koopmans

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known proper result

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