Econometrica: Jan 1972, Volume 40, Issue 1

Indices Prospectifs Quantitatifs et Procedures Decentralisees d'Elaboration des Plans

https://doi.org/0012-9682(197201)40:1<137:IPQEPD>2.0.CO;2-Y
p. 137-146

Y. Younes

This paper is concerned with the introduction of input or output targets in decentralized planning processes. The process which is studied is that of Dantzig-Wolf-Malinvaud. All the properties of a "good" scheme are present when the central board designates a neighborhood of a point of the production set (instead of an exact output target) where each firm or sector is constrained to maximize an index.

Log In To View Full Content

Back