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The book examines the potential for decentralized economies to achieve efficient resource allocation over an infinite time horizon, addressing a fundamental issue in microeconomics. It builds on the insights of Malinvaud and Samuelson, who highlighted the limitations of price-guided systems in ensuring Pareto optimality. Through a collection of essays, the volume presents advanced research findings that deepen the understanding of these economic challenges and their implications beyond traditional frameworks.
Buchkauf
DECENTRALIZATION IN INFINITE HORIZON ECONOMIES, Mukul Majumdar
- Sprache
- Erscheinungsdatum
- 2015
- product-detail.submit-box.info.binding
- (Hardcover)
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- Titel
- DECENTRALIZATION IN INFINITE HORIZON ECONOMIES
- Sprache
- Englisch
- Autor*innen
- Mukul Majumdar
- Verlag
- World Scientific
- Erscheinungsdatum
- 2015
- Einband
- Hardcover
- Seitenzahl
- 216
- ISBN13
- 9789814699624
- Kategorie
- Wirtschaft
- Beschreibung
- The book examines the potential for decentralized economies to achieve efficient resource allocation over an infinite time horizon, addressing a fundamental issue in microeconomics. It builds on the insights of Malinvaud and Samuelson, who highlighted the limitations of price-guided systems in ensuring Pareto optimality. Through a collection of essays, the volume presents advanced research findings that deepen the understanding of these economic challenges and their implications beyond traditional frameworks.