Decentralization, Externalities, and Efficiency

DOI10.2307/2297803zbMath0830.90016OpenAlexW2037394617WikidataQ56803978 ScholiaQ56803978MaRDI QIDQ4840272

Peter Klibanoff, Jonathan J. Morduch

Publication date: 24 July 1995

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/294846/files/ipr084.pdf

zbMATH Keywords

decentralized systeminefficienciessize of externalitiesvoluntary coordination

Mathematics Subject Classification ID

Trade models (91B60)

Related Items (3)

Coordination and externalities ⋮ Contractual solutions to hold-up problems with quality uncertainty and unobservable investments ⋮ On the interplay of hidden action and hidden information in simple bilateral trading problems

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