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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. 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..
    2. 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..
    3. 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.
    4. Majumdar, Mukul, 1988. "Decentralization in infinite horizon economies: An introduction," Journal of Economic Theory, Elsevier, vol. 45(2), pages 217-227, August.
    5. 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, pages 467-467.
    6. 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..
    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. 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.
    9. 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..
    10. F. Biesmans, 1977. "A Survey," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 48(1), pages 5-36, January.
    11. Jeanjean, Patrick, 1974. "Optimal development programs under uncertainty: The undiscounted case," Journal of Economic Theory, Elsevier, vol. 7(1), pages 66-92, January.
    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. Antonio Manresa, 2002. "Can we identify Walrasian allocations?," Review of Economic Design, Springer;Society for Economic Design, vol. 7(1), pages 57-73.
    3. Kaganovich, Michael, 1996. "Rolling planning: Optimality and decentralization," Journal of Economic Behavior & Organization, Elsevier, vol. 29(1), pages 173-185, January.

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