World Scientific Publishing Company
Decentralization in Infinite Horizon Economies
Product Code:
9789814699624
ISBN13:
9789814699624
Condition:
New
$110.10
Decentralization in Infinite Horizon Economies
$110.10
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 predetermined terminal date? The failure of a price-guided competitive system to ensure efficiency/Pareto optimality with an infinite horizon was exposed by Malinvaud and Samuelson. Subsequent research, reported in this volume, achieved a deeper understanding of the problem, and obtained definitive results that are of interest in a much broader framework.
| Author: Mukul Majumdar |
| Publisher: World Scientific Publishing Company |
| Publication Date: Nov 21, 2015 |
| Number of Pages: 216 pages |
| Binding: Hardback or Cased Book |
| ISBN-10: 9814699624 |
| ISBN-13: 9789814699624 |
