The Social Planning Problem with Costly Information Processing: Towards Understanding Production Decisions in Centralized Economies.

It has long been argued that market economies feature an inherent advantage over centralized economies because they are subject to fewer information processing needs. However, very little work has investigated the role of these needs in explaining differences in optimal production decisions between...

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Bibliographic Details

Published in:	Economica Vol. 90; no. 357; pp. 285 - 315
Main Author:	Naeher, Dominik
Format:	Article
Published:	Wiley-Blackwell Jan2023
Subjects:	Information processing Social planning Social problems Consumer preferences Capitalist societies Socialist societies
Online Access:	View this record in EBSCOhost