Studies in Resource Allocation Processes
Normal Price: $225.00
Your Price: $202.50 AUD, inc. GST
Shipping: $7.95 per order
You Save: $22.50! (10% off normal price)
Plus...earn $10.12 in Boomerang Bucks
Availability: Available to Backorder, No Due Date for Supply
Studies in Resource Allocation Processes by Kenneth J. Arrow
Book DescriptionOne of the central questions of economics relates to the coordination of individual units within a large organization to achieve the central objectives of that organization. This book examines the problems involved in allocating resources in an economic system where decision-making is decentralized into the hands of individuals and individual enterprises. The decisions made by these economic agents must be coordinated because the input decisions of some must eventually equal the output decisions of others. Coordination arises naturally out of the mathematical theory of optimization but there is still the question of how it can be achieved in practice with dispersed knowledge. The essays here explore the many facets of this problem. Nine papers are grouped under the title 'Economies with a single maximand'. They include papers on static and dynamic optimization, decentralization within firms, and nonconvexities in optimizing problems. Fourteen papers are concerned with 'Economies with multiple objectives'. Among the topics covered here are stability of competitive equilibrium, stability in oligopology, and dynamic shortages. The final part of the book includes three papers on informational efficiency and informationally decentralized systems. Leonid Hurwitcz is the Nobel Prize Winner 2007 for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, along with colleagues Eric Maskin and Roger Myerson, for his work on the effectiveness of markets.
Buy Studies in Resource Allocation Processes book by Kenneth J. Arrow from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780521215220
(204mm x 159mm x 32mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Nov-1977
Country of Publication: United Kingdom
Books By Author Kenneth J. Arrow
Social Choice and Individual Values, Paperback (July 2012)» View all books by Kenneth J. Arrow
Introduces Arrow's Impossibility Theorem and founded the field of social choice theory in economics and political science.
» Have you read this book? We'd like to know what you think about it - write a review about Studies in Resource Allocation Processes book by Kenneth J. Arrow and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-2pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.