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Corruption, decentralization and yardstick competition

✍ Scribed by Oguzhan C. Dincer; Christopher J. Ellis; Glen R. Waddell

Publisher: Springer
Year: 2009
Tongue: English
Weight: 242 KB
Volume: 11
Category: Article
ISSN: 1435-6104
DOI: 10.1007/s10101-009-0067-x

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This article contrasts two myths: perfect competition throughout a whole economy x and "perfect computation"-a computation so detailed and quick that it would achieve the same allocation of resources. It maintains that the former is in some respects as centralized as the latter, and that decentraliz