Decentralization of intertemporal economies with discounted maximin criterion.
The intertemporal decentralization literature scrutinizes the ability of markets to achieve dynamically optimal allocation of resources. Put differently, it examines the possibility of designing a mechanism enabling short-lived agents to make independent decisions compatible with long-run optimum....
| Publicado en: | International Economic Review Vol. 41; no. 4; pp. 1021 - 1048 |
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| Formato: | Artículo |
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Wiley-Blackwell
November 2000
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| Acceso en línea: | Ver este registro en EBSCOhost |