The main destinations of optimal equilibrium analyses are to improve the efficiency of resource allocation of market and to obtain the overall optimal state.

最优均衡分析的主要目的，是提升市场配置资源的效率，使社会整体达于最优状态。

youdao

Market timing can be difficult, but I suspect some degree of it will increasingly be worked into endowment-allocation models.

择时操作并非易事，但我推测这种做法会越来越多地进入到基金会的配置模式中。

youdao

Second, the degree of market allocation is not enough.

第二，一定程度的市场分配是不够的。

youdao

So, it's not surprising that asset allocation explains more than 100% of returns and that, for the community as a whole, market timing and security selection are costly and lower the community's aggregate investment returns.

因此资产配置能解释100%以上的回报,也不足为奇了,对投资者整体来说,市场时机选择,和证券选择是有代价的,降低了总的投资回报

耶鲁公开课 - 金融市场课程节选

One of the principal preconditions of a free market and the optimal allocation of resources is an unlimited number of buyers and sellers such that none can influence prices.

ECONOMIST: Letters

They are certainly making centralized decisions about the allocation of resources without regard for market prices and the decentralized knowledge that comes along with them.

FORBES: The Question I Ponder: Who Plans (And Spends) For Whom?

We had gone through a major change of allocation in technology and availability, and the market was really in a bit of a tailspin.

FORBES