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Rolling planning: Optimality and decentralization

โœ Scribed by Michael Kaganovich


Book ID
116105925
Publisher
Elsevier Science
Year
1996
Tongue
English
Weight
815 KB
Volume
29
Category
Article
ISSN
0167-2681

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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