Abstract
We show in this short note that the thesis in Tullock (1994) about how the environment coordinates the division of labor in non-human societies can be formulated by the fixed-point argument. As such, both what maybe called the Tullockian environmental coordination and the conventional Walrasian pricing coordination in economics turn out to be special cases of a more general principle, into which further exploration remains to be made.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
