Decentralization in Infinite Horizon Economies | 被動收入的投資秘訣 - 2024年6月
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Decentralization in Infinite Horizon Economies
出版社:
出版日期:2015年11月21日
ISBN:9789814699624
語言:繁體中文
售價:5100元
Decentralization in Infinite Horizon Economies brings together a collection of essays that attempt to explore one of the basic themes in microeconomics -- can a decentralized economy attain an efficient or optimal allocation of resources when it is allowed to evolve without a predetermined terminal date? The failure of a price-guided competitive system to ensure efficiency/Pareto optimality with an infinite horizon was exposed by Malinvaud and Samuelson. Subsequent research, reported in this volume, achieved a deeper understanding of the problem, and obtained definitive results that are of interest in a much broader framework.