Most formal models of multilevel economic planning allow for vertical information flows but not horizontal flows between agents on the same level. This papers develops a simple model of multilevel planning where horizontal flows form an integral part of the planning procedure. The procedure is designed to have a flow cost structure, achieve greated informational decentralization, and preserve systemic stability when the normal planning breaks down and laissez-faire takes over. The procedure is compared with two other procedures in the literature that use vertical flows only. The comparative advanteages of the procedures are established and also confirmed under certain parametric variations.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Article provided by Department of Economics, Delhi School of Economics in its journal Indian Economic Review.
Volume (Year): 35 (2000) Issue (Month): 1 (January) Pages: 67-76 Download reference. The following formats are available: HTML,
plain text,
BibTeX,
RIS (EndNote),
ReDIF