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Studies in Resource Allocation Processes ISBN 13: 9780521215220

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9780521215220: Studies in Resource Allocation Processes

Synopsis

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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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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ARROW, Kenneth J. & HURWICZ, Leonid (Eds)
Published by Cambridge University Press, 1978
ISBN 10: 0521215226 ISBN 13: 9780521215220
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Hardcover. Condition: Near Fine. pp.xiv, 482 pages, a near fine hardback (publisher's original brown cloth) APPEARS UNUSED, & would be Fine but there is a former owner stamp on the ffep [0521215226]. Seller Inventory # 141520

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Arrow, Kenneth J.; Hurwicz, Leonid
Published by Cambridge University Press, 1977
ISBN 10: 0521215226 ISBN 13: 9780521215220
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Hardcover. Condition: Good. No Jacket. Condition : Good. Former-university library copy with associated library stamps etc. Hard cover, no jacket. 482pp. No highlighting or annotations to text. Some shelf wear. Photo on request. Seller Inventory # 942790

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Arrow, Kenneth & Hurwicz, Leonid
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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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KENNETH J. ARROW,LEONID HURWICZ
Published by Cambridge University Press, 1977
ISBN 10: 0521215226 ISBN 13: 9780521215220
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Arrow, Kenneth J.; Hurwicz, Leonid
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ISBN 10: 0521215226 ISBN 13: 9780521215220
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Hardcover. Condition: Very Good. Dust Jacket Condition: Very Good. 1st Edition. First Edition of this collection of papers that examine aspects of the allocation of resources in large economic systems. Both editors, Kenneth J. Arrow and Leonid Hurwicz, are Nobel Prize winners. Arrow and Hurwicz are authors or co-authors of almost all the papers in the volume. Brown cloth, 482 pages. There is a partial previous owner name stamped on the top page edge. The dust jacket has edge wear and a bit of rubbing. Otherwise, minimal sign of previous use. Seller Inventory # 012976

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Arrow, Kenneth J. [Editor]; Hurwicz, Leonid [Editor];
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. 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.InhaltsverzeichnisPreface Acknowledgments for rep. Seller Inventory # 446929927

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