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The Economics of Informational Decentralization: Complexity, Efficiency, and Stability - Essays in Honor of Stanley Reiter (Paperback, Softcover reprint of the original 1st ed. 1994)
Loot Price: R5,670
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The Economics of Informational Decentralization: Complexity, Efficiency, and Stability - Essays in Honor of Stanley Reiter (Paperback, Softcover reprint of the original 1st ed. 1994)
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In this volume are papers written by students and co-authors of
Stanley Reiter. The collection reflects to some extent the range of
his interests and intellectual curiosity. He has published papers
in statistics, manage ment science, international trade, and
welfare economics. He co-authored early papers in economic history
and is reported to be largely responsible for giving the field its
name of Cliometrics. He helped initiate, nurture and establish the
area of economics now known as mechanism design which studies
information decentralization, incentives, computational complexity
and the dynamics of decentralized interactions. The quality, craft,
depth, and innovative nature of his work has always been at an
exceptionally high level. Stan has had a strong and important
direct effect on many students at Purdue University and
Northwestern University. He created and taught a course which all
of his students have both dreaded and respected. Using the Socratic
method in remarkably effective ways to teach theory skills, he has
guided, prodded, and encouraged us to levels we did not think we
were capable of. Some of his students are represented in this
volume. But even those whose careers took directions other than
mathematical economics still consider that training to be an
important component of their success. Stan's students include
department chairmen, business executives, Deans, a Secretary of the
Air Force, and a College President. His guidance has been necessary
and fundamental to whatever successes we have had.
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