{"product_id":"decentralization-in-infinite-horizon-economies-mukul-majumdar-9789814699624","title":"Decentralization in Infinite Horizon Economies","description":"Decentralization in Infinite Horizon Economies brings together a collection of essays that attempt to explore one of the basic themes in microeconomics -- can a decentralized economy attain an efficient or optimal allocation of resources when it is allowed to evolve without a predetermined terminal date? The failure of a price-guided competitive system to ensure efficiency\/Pareto optimality with an infinite horizon was exposed by Malinvaud and Samuelson. Subsequent research, reported in this volume, achieved a deeper understanding of the problem, and obtained definitive results that are of interest in a much broader framework.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Mukul Majumdar\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9814699624\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789814699624\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e World Scientific Publishing Company\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/21\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 216\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.00lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.20w x 0.60d","brand":"Mukul Majumdar","offers":[{"title":"Hardcover","offer_id":48066457764095,"sku":"9789814699624","price":102.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_bc9093b1-1df7-488f-8fac-8eaf017ea0f0.jpg?v=1768678554","url":"https:\/\/www.whiterainbookhouse.com\/products\/decentralization-in-infinite-horizon-economies-mukul-majumdar-9789814699624","provider":"WR Book House","version":"1.0","type":"link"}