000			01786cam a2200301 i 4500
008			761026t1977 enka erb 001 0 eng
020			_a0521215226
040			_aDLC _cDLC
050	0	0	_aHB135 _b.A79
082	0	0	_a330.01'51 _bARR
100	1		_aArrow, Kenneth J.
245	1	0	_aStudies in resource allocation processes /
260			_aCambridge ; _aNew York : _bCambridge University Press , _cc 1977.
300			_axiv, 482 p. :ill,
500			_aSome of the studies prepared in cooperation with other authors.
504			_aIncludes bibliographies and indexes.
520			_aThis 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.
590			_arpm 15/09/2019
591			_aLoans
650		0	_aEconomics, Mathematical.
650		0	_aMathematical optimization.
700	1		_aHurwicz, Leonid,
856	4	1	_uhttp://www.loc.gov/catdir/samples/cam041/76009171.html
856	4	2	_uhttp://www.loc.gov/catdir/description/cam022/76009171.html
856	4	1	_uhttp://www.loc.gov/catdir/toc/cam029/76009171.html
942			_2ddc _cBOOK
949			_a330.01'51 ARR
999			_c6545 _d6545