Decentralization in Infinite Horizon Economies

List of contents

Decentralization in Infinite Horizon Economies: An Introduction; Optimal Intertemporal Allocation Mechanisms and Decentralization of Decisions; On Characterizing Optimal Competitive Programs in Terms of Decentralizable Conditions; Characterization of Intertemporal Optimality in Terms of Decentralizable Conditions: The Discounted Case; On Characterizing Optimality of Stochastic Competitive Processes; A Characterization of Infinite Horizon Optimality in Terms of Finite Horizon Optimality and a Critical Stock Condition; A Necessary Condition for Decentralization and an Application to Intertemporal Allocation; Decentralized Evolutionary Mechanisms for Intertemporal Economies: A Possibility Result; Complements and Details

About the author

Majumdar, Mukul

Summary

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. .

Product details

• Authors: Mukul Majumdar, Majumdar Mukul
• Assisted by: Mukul Majumdar (Editor)
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 31.12.2019
• EAN: 9780367015947
• ISBN: 978-0-367-01594-7
• No. of pages: 204
• Subjects: Natural sciences, medicine, IT, technology > Mathematics; MATHEMATICS / General, Mathematics