Octavo, 482 pages. In Very good condition with a Very Good minus dust jacket condition. Purple and white spine with purple and white lettering. Dust jacket has modest shelf wear and light fraying on the edges. Text block has the ownership inscription of " Rj Reynolds" on front free endpaper. Shelved in Netdesk Column F, ND-F. 1381646. FP New Rockville Stock.

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D�tails bibliographiques

Titre

STUDIES IN RESOURCE ALLOCATION PROCESSES

�diteur

Cambridge University Press, Cambridge

Date de parution

1977

Langue

anglais

ISBN � 10 chiffres

0521215226

ISBN � 13 chiffres

9780521215220

Reliure

Hardcover

�dition

First Publishing.

�tat de la jaquette

Jaquette

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A propos de ce titre

Synopsis

This volume examines how resources are allocated in an economic system where decision-making is decentralized.

Pr�sentation de l'�diteur

One of the central questions of economics relates to the coordination of individual units within a large organization to achieve the central objectives of that organization. This book examines the problems involved in allocating resources in an economic system where decision-making is decentralized into the hands of individuals and individual enterprises. The decisions made by these economic agents must be coordinated because the input decisions of some must eventually equal the output decisions of others. Coordination arises naturally out of the mathematical theory of optimization but there is still the question of how it can be achieved in practice with dispersed knowledge. The essays here explore the many facets of this problem. Nine papers are grouped under the title 'Economies with a single maximand'. They include papers on static and dynamic optimization, decentralization within firms, and nonconvexities in optimizing problems. Fourteen papers are concerned with 'Economies with multiple objectives'. Among the topics covered here are stability of competitive equilibrium, stability in oligopology, and dynamic shortages. The final part of the book includes three papers on informational efficiency and informationally decentralized systems. Leonid Hurwitcz is the Nobel Prize Winner 2007 for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, along with colleagues Eric Maskin and Roger Myerson, for his work on the effectiveness of markets.

Les informations fournies dans la section � A propos du livre � peuvent faire r�f�rence � une autre �dition de ce titre.

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