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Decentralization in Infinite Horizon Economies
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. .
Decentralization in Infinite Horizon Economies
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. .
Decentralization in Infinite Horizon Economies
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...
Decentralization In Infinite Horizon Economies
Our understanding of the efficient workings of decentralized price systems is severely tested by the problems presented when these systems are modelled without a definite terminal date. This book brings together a selection of recent work on the topic, and presents a summary...
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