Articles liés à Information, Incentives and the Economics of Control

Information, Incentives and the Economics of Control - Couverture rigide

Archibald, G. C.

 
9780521330459: Information, Incentives and the Economics of Control
Couverture rigide
ISBN 10 : 0521330459 ISBN 13 : 9780521330459
Editeur : Cambridge University Press, 1992

Synopsis

This 1992 book examines alternative methods for achieving optimality without all the apparatus of economic planning.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

This 1992 book examines alternative methods for achieving optimality without all the apparatus of economic planning (such as information retrieval, computation of solutions, and separate implementation systems), or a vain reliance on sufficiently 'perfect' competition. All rely entirely on the self-interest of economic agents and voluntary contract. The author considers methods involving feedback iterative controls which require the prior selection of a 'criterion function', but no prior calculation of optimal quantities. The target is adjusted as the results for each step become data for the criterion function. Implementation is built in by the incentive structure, and all controls rely on consistency with the self-interest of individuals. The applicability of all the methods is shown to be independent of the form of ownership of enterprises: examples are given for industries which are wholly privately owned, wholly nationalized, mixed and labour-managed.

Revue de presse

"Archibald's book is timely: its contents throw light on several important current debates which are being argued within frameworks less appropriate than the one he sets out...this is a short, insightful, and timely book in a distinguished interventionist intellectual tradition in the area of public policy and public institutions." Geoffrey Heal, Journal of Economic Literature

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cambridge University Press
Date d'édition
1992
Langue
anglais
ISBN 10 
0521330459
ISBN 13 
9780521330459
Reliure
Relié
Nombre de pages
192
Coordonnées du fabricant
non disponible
Personne responsable
Avery
https://www.avery.fr/

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France