Optimal intertemporal allocation mechanisms and decentralization of decisions

DOI10.1016/0022-0531(88)90268-2zbMath0656.90021OpenAlexW2013525498MaRDI QIDQ1110436

Leonid Hurwicz, Mukul K. Majumdar

Publication date: 1988

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(88)90268-2

zbMATH Keywords

efficiencyinfinite horizon modelimpossibility theoremsfelicity functioninformationally decentralized mechanisms

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (8)

Decentralization in infinite horizon economies: An introduction ⋮ Equilibrium and optimality: some imprints of David Gale ⋮ Optimal intertemporal allocation mechanisms and decentralization of decisions ⋮ A stability problem with nonstationary overlapping generations equilibria ⋮ On characterizing optimal competitive programs in terms of decentralizable conditions ⋮ On characterizing optimality of stochastic competitive processes ⋮ A necessary condition for decentralization and an application to intertemporal allocation ⋮ Decentralized evolutionary mechanisms for intertemporal economies: A possibility result

Cites Work

• Optimal intertemporal allocation mechanisms and decentralization of decisions
• On optimal growth under uncertainty
• A note on the role of the transversality condition in signalling capital overaccumulation
• Some Remarks on Optimal Growth with Intertemporally Dependent Preferences in the Neoclassical Model
• Capital Accumulation and Efficient Allocation of Resources
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item

This page was built for publication: Optimal intertemporal allocation mechanisms and decentralization of decisions