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Decentralized evolutionary mechanisms for intertemporal economies: A possibility result

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  • Venkatesh Bala
  • Mukul Majumdar
  • Tapan Mitra

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  • Venkatesh Bala & Mukul Majumdar & Tapan Mitra, 1991. "Decentralized evolutionary mechanisms for intertemporal economies: A possibility result," Journal of Economics, Springer, vol. 53(1), pages 1-29, February.
    • Handle: RePEc:kap:jeczfn:v:53:y:1991:i:1:p:1-29
    DOI: 10.1007/BF01227013
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    References listed on IDEAS

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    1. F. Biesmans, 1977. "A Survey," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 48(1), pages 5-36, January.
    2. William A. Brock & Mukul Majumdar, 2015. "On Characterizing Optimal Competitive Programs in Terms of Decentralizable Conditions," World Scientific Book Chapters, in: Mukul Majumdar (ed.), Decentralization in Infinite Horizon Economies, chapter 3, pages 46-57, World Scientific Publishing Co. Pte. Ltd..
    3. Leonid Hurwicz & Hans F. Weinberger, 2015. "A Necessary Condition for Decentralization and an Application to lntertemporal Allocation," World Scientific Book Chapters, in: Mukul Majumdar (ed.), Decentralization in Infinite Horizon Economies, chapter 8, pages 119-151, World Scientific Publishing Co. Pte. Ltd..
    4. Cass, David, 1972. "On capital overaccumulation in the aggregative, neoclassical model of economic growth: A complete characterization," Journal of Economic Theory, Elsevier, vol. 4(2), pages 200-223, April.
    5. Majumdar, Mukul, 1988. "Decentralization in infinite horizon economies: An introduction," Journal of Economic Theory, Elsevier, vol. 45(2), pages 217-227, August.
    6. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    7. Mount, Kenneth & Reiter, Stanley, 1974. "The informational size of message spaces," Journal of Economic Theory, Elsevier, vol. 8(2), pages 161-192, June.
    8. Jeanjean, Patrick, 1974. "Optimal development programs under uncertainty: The undiscounted case," Journal of Economic Theory, Elsevier, vol. 7(1), pages 66-92, January.
    9. Leonid Hurwicz & Mukul Majumdar, 2015. "Optimal lntertemporal Allocation Mechanisms and Decentralization of Decisions," World Scientific Book Chapters, in: Mukul Majumdar (ed.), Decentralization in Infinite Horizon Economies, chapter 2, pages 12-45, World Scientific Publishing Co. Pte. Ltd..
    10. Swapan Dasgupta & Tapan Mitra, 2015. "Characterization of lntertemporal Optimality in Terms of Decentralizable Conditions: The Discounted Case," World Scientific Book Chapters, in: Mukul Majumdar (ed.), Decentralization in Infinite Horizon Economies, chapter 4, pages 58-71, World Scientific Publishing Co. Pte. Ltd..
    11. Herbert E. Scarf, 1959. "Some Examples of Global Instability of the Competitive Equilibrium," Cowles Foundation Discussion Papers 79, Cowles Foundation for Research in Economics, Yale University.
    12. S. M. Goldman, 1968. "Optimal Growth and Continual Planning Revision," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(2), pages 145-154.
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    Cited by:

    1. Maćkowiak, Piotr, 2009. "Adaptive Rolling Plans Are Good," MPRA Paper 42043, University Library of Munich, Germany.
    2. Kaganovich, Michael, 1996. "Rolling planning: Optimality and decentralization," Journal of Economic Behavior & Organization, Elsevier, vol. 29(1), pages 173-185, January.
    3. Antonio Manresa, 2002. "Can we identify Walrasian allocations?," Review of Economic Design, Springer;Society for Economic Design, vol. 7(1), pages 57-73.

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