Abstract / Description of output
This paper outlines a framework due to Hurwicz for comparing resource allocation mechanisms and applies it to the comparison of iterative planning procedures. Using an extended numerical example two procedures, due to Malinvaud and to Chander, are compared and light is shed on a disagreement between Chander and Kundu and the author.
Original language | English |
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Pages (from-to) | 61-84 |
Number of pages | 24 |
Journal | Journal of Comparative Economics |
Volume | 13 |
Issue number | 1 |
DOIs | |
Publication status | Published - Mar 1989 |