Decentralization In Infinite Horizon Economies
Author:   Mukul Majumdar (Cornell Univ, Usa)
Publisher:   World Scientific Publishing Co Pte Ltd
ISBN:  

9789814699624


Pages:   216
Publication Date:   03 December 2015
Format:   Hardback
Availability:   In Print   Availability explained
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Decentralization In Infinite Horizon Economies


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Overview

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.

Full Product Details

Author:   Mukul Majumdar (Cornell Univ, Usa)
Publisher:   World Scientific Publishing Co Pte Ltd
Imprint:   World Scientific Publishing Co Pte Ltd
Dimensions:   Width: 15.70cm , Height: 1.50cm , Length: 23.10cm
Weight:   0.454kg
ISBN:  

9789814699624


ISBN 10:   9814699624
Pages:   216
Publication Date:   03 December 2015
Audience:   College/higher education ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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