Studies in resource allocation processes:
One of the central questions of economics relates to the coordination of individual units within a large organization to achieve the central objectives of that organization. This book examines the problems involved in allocating resources in an economic system where decision-making is decentralized...
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| Weitere Verfasser: | , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
1977
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| Schlagworte: | |
| Online-Zugang: | BSB01 UBG01 Volltext |
| Zusammenfassung: | One of the central questions of economics relates to the coordination of individual units within a large organization to achieve the central objectives of that organization. This book examines the problems involved in allocating resources in an economic system where decision-making is decentralized into the hands of individuals and individual enterprises. The decisions made by these economic agents must be coordinated because the input decisions of some must eventually equal the output decisions of others. Coordination arises naturally out of the mathematical theory of optimization but there is still the question of how it can be achieved in practice with dispersed knowledge. The essays here explore the many facets of this problem. Nine papers are grouped under the title 'Economies with a single maximand'. They include papers on static and dynamic optimization, decentralization within firms, and nonconvexities in optimizing problems. Fourteen papers are concerned with 'Economies with multiple objectives'. Among the topics covered here are stability of competitive equilibrium, stability in oligopology, and dynamic shortages. The final part of the book includes three papers on informational efficiency and informationally decentralized systems. Leonid Hurwitcz is the Nobel Prize Winner 2007 for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, along with colleagues Eric Maskin and Roger Myerson, for his work on the effectiveness of markets |
| Beschreibung: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Beschreibung: | 1 online resource (xiv, 482 pages) |
| ISBN: | 9780511752940 |
| DOI: | 10.1017/CBO9780511752940 |
Internformat
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| 520 | |a One of the central questions of economics relates to the coordination of individual units within a large organization to achieve the central objectives of that organization. This book examines the problems involved in allocating resources in an economic system where decision-making is decentralized into the hands of individuals and individual enterprises. The decisions made by these economic agents must be coordinated because the input decisions of some must eventually equal the output decisions of others. Coordination arises naturally out of the mathematical theory of optimization but there is still the question of how it can be achieved in practice with dispersed knowledge. The essays here explore the many facets of this problem. Nine papers are grouped under the title 'Economies with a single maximand'. They include papers on static and dynamic optimization, decentralization within firms, and nonconvexities in optimizing problems. Fourteen papers are concerned with 'Economies with multiple objectives'. Among the topics covered here are stability of competitive equilibrium, stability in oligopology, and dynamic shortages. The final part of the book includes three papers on informational efficiency and informationally decentralized systems. Leonid Hurwitcz is the Nobel Prize Winner 2007 for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, along with colleagues Eric Maskin and Roger Myerson, for his work on the effectiveness of markets | ||
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Datensatz im Suchindex
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| dewey-ones | 330 - Economics |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9780511752940 |
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| id | DE-604.BV043926810 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:38:48Z |
| institution | BVB |
| isbn | 9780511752940 |
| language | English |
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| spelling | Studies in resource allocation processes edited by Kenneth J. Arrow, Leonid Hurwicz Cambridge Cambridge University Press 1977 1 online resource (xiv, 482 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) One of the central questions of economics relates to the coordination of individual units within a large organization to achieve the central objectives of that organization. This book examines the problems involved in allocating resources in an economic system where decision-making is decentralized into the hands of individuals and individual enterprises. The decisions made by these economic agents must be coordinated because the input decisions of some must eventually equal the output decisions of others. Coordination arises naturally out of the mathematical theory of optimization but there is still the question of how it can be achieved in practice with dispersed knowledge. The essays here explore the many facets of this problem. Nine papers are grouped under the title 'Economies with a single maximand'. They include papers on static and dynamic optimization, decentralization within firms, and nonconvexities in optimizing problems. Fourteen papers are concerned with 'Economies with multiple objectives'. Among the topics covered here are stability of competitive equilibrium, stability in oligopology, and dynamic shortages. The final part of the book includes three papers on informational efficiency and informationally decentralized systems. Leonid Hurwitcz is the Nobel Prize Winner 2007 for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, along with colleagues Eric Maskin and Roger Myerson, for his work on the effectiveness of markets Economics, Mathematical Mathematical optimization Optimierung (DE-588)4043664-0 gnd rswk-swf Allokation (DE-588)4001302-9 gnd rswk-swf Allokation (DE-588)4001302-9 s Optimierung (DE-588)4043664-0 s 1\p DE-604 Arrow, Kenneth Joseph 1921-2017 (DE-588)118986856 edt Hurwicz, Leonid edt Erscheint auch als Druckausgabe 978-0-521-03400-5 Erscheint auch als Druckausgabe 978-0-521-21522-0 https://doi.org/10.1017/CBO9780511752940 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Studies in resource allocation processes Economics, Mathematical Mathematical optimization Optimierung (DE-588)4043664-0 gnd Allokation (DE-588)4001302-9 gnd |
| subject_GND | (DE-588)4043664-0 (DE-588)4001302-9 |
| title | Studies in resource allocation processes |
| title_auth | Studies in resource allocation processes |
| title_exact_search | Studies in resource allocation processes |
| title_full | Studies in resource allocation processes edited by Kenneth J. Arrow, Leonid Hurwicz |
| title_fullStr | Studies in resource allocation processes edited by Kenneth J. Arrow, Leonid Hurwicz |
| title_full_unstemmed | Studies in resource allocation processes edited by Kenneth J. Arrow, Leonid Hurwicz |
| title_short | Studies in resource allocation processes |
| title_sort | studies in resource allocation processes |
| topic | Economics, Mathematical Mathematical optimization Optimierung (DE-588)4043664-0 gnd Allokation (DE-588)4001302-9 gnd |
| topic_facet | Economics, Mathematical Mathematical optimization Optimierung Allokation |
| url | https://doi.org/10.1017/CBO9780511752940 |
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