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Decentralization in Infinite Horizon Economies de Mukul Majumdar

Decentralization in Infinite Horizon Economies

Autor Mukul Majumdar
en Limba Engleză Hardback – 20 noi 2015
Decentralization in Infinite Horizon Economies brings together a collection of essays that attempt to explore one of the basic themes in microeconomics - can a decentralized economy attain an efficient or optimal allocation of resources when it is allowed to evolve without a predetermined terminal date?
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Specificații

ISBN-13: 9789814699624
ISBN-10: 9814699624
Pagini: 216
Dimensiuni: 157 x 231 x 15 mm
Greutate: 0.45 kg
Editura: World Scientific Publishing Company

Cuprins

Decentralization in Infinite Horizon Economies: An Introduction; Optimal Intertemporal Allocation Mechanisms and Decentralization of Decisions; On Characterizing Optimal Competitive Programs in Terms of Decentralizable Conditions; Characterization of Intertemporal Optimality in Terms of Decentralizable Conditions: The Discounted Case; On Characterizing Optimality of Stochastic Competitive Processes; A Characterization of Infinite Horizon Optimality in Terms of Finite Horizon Optimality and a Critical Stock Condition; A Necessary Condition for Decentralization and an Application to Intertemporal Allocation; Decentralized Evolutionary Mechanisms for Intertemporal Economies: A Possibility Result; Complements and Details

Descriere

Descriere de la o altă ediție sau format:
This book summarizes some issues involved in developing a theory of decentralized resource allocation mechanism in infinite horizon economies. It constitutes a definitive account of cutting-edge research on a topic of continuing importance in price theory. .