Information, Incentives and the Economics of Control（ISBN=9780521022798） txt umd azw3 下载 fb2 pdf 在线 免费

This 1992 book examines alternative methods for achieving

optimality without all the apparatus of economic planning (such as

information retrieval, computation of solutions, and separate

implementation systems), or a vain reliance on sufficiently

'perfect' competition. All rely entirely on the self-interest of

economic agents and voluntary contract. The author considers

methods involving feedback iterative controls which require the

prior selection of a 'criterion function', but no prior calculation

of optimal quantities. The target is adjusted as the results for

each step become data for the criterion function. Implementation is

built in by the incentive structure, and all controls rely on

consistency with the self-interest of individuals. The

applicability of all the methods is shown to be independent of the

form of ownership of enterprises: examples are given for industries

which are wholly privately owned, wholly nationalized, mixed and

labour-managed.

Preface

Part I. Introductory:

1. Two preliminary matters

2. Extended preferences

Part II. Iterative Controls:

3. Feedback control processes

4. First example: an externality problem

5. Second application of the control process: Lerner's

problem

6. Third example of the control process: implementation of a

second-best solution

7. Two examples of the control process in a mixed economy

Part III. Non-convexities:

8. Non-convexities in the technology

9. Non-convexity and optimal product choice

Part IV. Cooperatives:

10. Pareto-improvements and cooperatives

11. Achieving pareto-efficiency in the LMF

12. Risk-sharing in Illyria (the ELMF)

Appendix: the taxation of economic rent

Notes

Bibliography

Index.

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编辑推荐

Advanced monograph by a respected theorist looking at how

industries can be guided to optimal performance without central

planning or reliance on the market ? Archibald is a well-known

figure, widely published in the journals ? This an interesting

subject, made more topical by the collapse of the command economies

in Eastern Europe and the search for other alternatives to pure

market forces

书籍介绍

This book examines methods for controlling or guiding a sector of the economy that do not require all the apparatus of economic planning or rely on the vain hope of sufficiently "perfect" competition, but instead rely entirely on the self-interest of economic agents and voluntary contract. The methods involved require trial-and-error steps in real time, with the target adjusted as the results of each step become known. The author shows that the methods are equally applicable to industries that are wholly privately owned, wholly nationalized, mixed or labor-managed.