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Studies in resource allocation processes

Author: Kenneth J Arrow; Leonid Hurwicz
Publisher: Cambridge ; New York : Cambridge University Press, 1977.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:

This volume examines how resources are allocated in an economic system where decision-making is decentralized.

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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Kenneth J Arrow; Leonid Hurwicz
ISBN: 0521215226 9780521215220
OCLC Number: 2597462
Notes: Some of the studies prepared in cooperation with other authors.
Description: xiv, 482 pages : illustrations ; 24 cm
Contents: Preface; Acknowledgments for reprinted articles; Part I. General Introduction: the design of resource allocation mechanisms L. Hurwicz; Part II. Economies with a Single Maximand: 1. General survey: decentralization and computation in resource allocation K. J. Arrow and L. Hurwicz; 2. Static characterization: constraint qualifications in maximization problems K. J. Arrow, L. Hurwicz and H. Uzawa; Static characterization: quasi-concave programming K. J. Arrow and A. C. Enthoven; 3. Decentralization within firms: optimization, decentralization, and internal pricing in business firms K. J. Arrow; 4. Dynamic characterization: gradient methods for constrained maxima K. J. Arrow and L. Hurwicz; 5. The handling of nonconvexities: reduction of constrained maxima to saddle-point problems K. J. Arrow and L. Hurwicz; The handling of nonconvexities: a general saddle-point result for constrained optimization K. J. Arrow, F. J. Gould and S. M. Howe; The handling of nonconvexities: convexity of asymptotic average production possibility sets L. Hurwicz and H. Uzawa; Part III. Economies with Multiple Objectives: 6. Stability of competitive equilibrium: on the stability of competitive equilibrium I K. J. Arrow and L. Hurwicz; Stability of competitive equilibrium: on the stability of competitive equilibrium II K. J. Arrow, H. D. Block and L. Hurwicz; Stability of competitive equilibrium: on the stability of competitive equilibrium II: postscript K. J. Arrow and L. Hurwicz; Stability of competitive equilibrium: some remarks on the equilibria of economic systems K. J. Arrow and L. Hurwicz; 7. Competitive stability under weak gross substitutability: the 'Euclidean distance' approach K. J. Arrow and L. Hurwicz; Competitive stability under weak gross substitutability: nonlinear price adjustment and adaptive expectations K. J. Arrow and L. Hurwicz; 8. Stability in oligopoly: stability of the gradient process in n-person games K. J. Arrow and L. Hurwicz; 9. Studies in local stability: a theorem on expectations and the stability of equilibrium A. C. Enthoven and K. J. Arrow; Studies in local stability: a note on expectations and stability K. J. Arrow and M. Nerlove; Studies in local stability: a note on dynamic stability K. J. Arrow and M. McManus; Studies in local stability: stability independent of adjustment speed K. J. Arrow; 10. Dynamic shortages: dynamic shortages and price rises: the engineer-scientist case K. J. Arrow and W. M. Capron; Dynamic shortages: price-quantity adjustments in multiple markets with rising demands K. J. Arrow; 11. Foundations of price dynamics: toward a theory of price adjustment K. J. Arrow; Part IV. General Characterizations of Allocation Processes: Optimality and information efficiency in resource allocation processes L. Hurwicz; On the dimensional requirements of informationally decentralized Pareto-satisfactory processes L. Hurwicz; On informationally decentralized systems L. Hurwicz; Appendix: an optimality criterion for decision-making under ignorance K. J. Arrow and L. Hurwicz; Author index; Subject index; Index of examples.
Other Titles: Resource allocation processes.
Responsibility: edited by Kenneth J. Arrow, Leonid Hurwicz.
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