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DECENTRALIZATION IN INFINITE HORIZON ECONOMIES

214,08 
214,08 
2025-07-31 214.0800 InStock
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Knygos aprašymas

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.

Informacija

Autorius: Mukul Majumdar
Leidėjas: World Scientific
Išleidimo metai: 2015
Knygos puslapių skaičius: 216
ISBN-10: 9814699624
ISBN-13: 9789814699624
Formatas: Knyga kietu viršeliu
Kalba: Anglų
Žanras: Microeconomics

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