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Decentralization In Infinite Horizon Economies
Engelsk Hardback
Decentralization In Infinite Horizon Economies
Engelsk Hardback

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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? The failure of a price-guided competitive system to ensure efficiency/Pareto optimality with an infinite horizon was exposed by Malinvaud and Samuelson. Subsequent research, reported in this volume, achieved a deeper understanding of the problem, and obtained definitive results that are of interest in a much broader framework.

Product detaljer
Sprog:
Engelsk
Sider:
216
ISBN-13:
9789814699624
Indbinding:
Hardback
Udgave:
ISBN-10:
9814699624
Udg. Dato:
3 dec 2015
Længde:
0mm
Bredde:
0mm
Højde:
0mm
Forlag:
World Scientific Publishing Co Pte Ltd
Oplagsdato:
3 dec 2015
Forfatter(e):
Kategori sammenhænge