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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
