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Information and Incentives in Designing Non-wasteful Resource Allocation Systems

In: Issues in Contemporary Microeconomics and Welfare

Author

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  • Leonid Hurwicz

Abstract

Economists are not always willing to confine themselves to the analysis of what exists, because they regard the economic structure as subject to conscious modification, by legislation as well as other techniques. If one is willing to consider such modifications, one must study their feasibility, and it becomes natural to develop a set of criteria by which to judge their desirability.

Suggested Citation

  • Leonid Hurwicz, 1985. "Information and Incentives in Designing Non-wasteful Resource Allocation Systems," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Issues in Contemporary Microeconomics and Welfare, chapter 3, pages 125-168, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-06876-0_3
    DOI: 10.1007/978-1-349-06876-0_3
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    Cited by:

    1. Thierry Granger, 1997. "Le renouveau de la théorie des organisations. Lecture critique de trois ouvrages récents," Revue Économique, Programme National Persée, vol. 48(1), pages 147-180.

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