Studies in Resource Allocation Processes - Hardcover

9780521215220: Studies in Resource Allocation Processes

Hardcover

ISBN 10: 0521215226 ISBN 13: 9780521215220

Publisher: Cambridge University Press, 1978

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This volume examines how resources are allocated in an economic system where decision-making is decentralized.

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Book Description

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.

About the Author

Kenneth J. Arrow, who was awarded the Nobel Memorial Prize in Economics in 1972, is Joan Kenny Professor of Economics and Professor of Operations Research at Stanford University.

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Publisher: Cambridge University Press
Publication date: 1978
Language: English
ISBN 10: 0521215226
ISBN 13: 9780521215220
Binding: Hardcover
Number of pages: 500
Editor: Arrow Kenneth J., Hurwicz Leonid

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9780521034005: Stud in Resource Allocation Process

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ISBN 10: 0521034000 ISBN 13: 9780521034005
Publisher: Cambridge University Press, 2008
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Studies in Resource Allocation Processes

Arrow, Kenneth J (Editor), and Hurwicz, Leonid (Editor)

Published by Cambridge University Press, New York, 1977

ISBN 10: 0521215226 ISBN 13: 9780521215220

Used Hardcover

Seller: West With The Night, Tucson, AZ, U.S.A.

Seller rating 5 out of 5 stars

Hard cover. Sewn binding. Cloth over boards. 500 p. Contains: Unspecified. Audience: General/trade. 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. Very good in very good dust jacket. light shelfwear ot the jacket, previous owner name on first page. Seller Inventory # Alibris.0028279

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STUDIES IN RESOURCE ALLOCATION PROCESSES

Arrow, Kenneth & Hurwicz, Leonid

Published by Cambridge University Press, Cambridge, 1977

ISBN 10: 0521215226 ISBN 13: 9780521215220

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Seller: Second Story Books, ABAA, Rockville, MD, U.S.A.

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Hardcover. First Publishing. Octavo, 482 pages. In Very good condition with a Very Good minus dust jacket condition. Purple and white spine with purple and white lettering. Dust jacket has modest shelf wear and light fraying on the edges. Text block has the ownership inscription of " Rj Reynolds" on front free endpaper. Shelved in Netdesk Column F, ND-F. 1381646. FP New Rockville Stock. Seller Inventory # 1381646

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STUDIES IN RESOURCE ALLOCATION PROCESSES

KENNETH J. ARROW,LEONID HURWICZ

Published by Cambridge University Press, 1977

ISBN 10: 0521215226 ISBN 13: 9780521215220

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Seller: Basi6 International, Irving, TX, U.S.A.

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Condition: Brand New. New. US edition. Expediting shipping for all USA and Europe orders excluding PO Box. Excellent Customer Service. Seller Inventory # ABEOCT25-97403

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