Accession Number : AD0277705

Title :   PRICE GUIDES IN DECENTRALIZED ORGANIZATION

Corporate Author : YALE UNIV NEW HAVEN CT COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s) : WHINSTON, ANDREW

Report Date : 28 JUN 1962

Pagination or Media Count : 1

Abstract : The use of prices as a means for achieving efficient allocation of resources within a decentralized system such as a business firm is discussed. Two general classes of problems are studied: efficiency of resource allocation, and coordination of the results of operations. These problems are examined with special reference to cases when external effects are present. (Author)

Descriptors :   COMMERCE, COSTS, MANAGEMENT ENGINEERING, MATHEMATICAL ANALYSIS, THEORY.

Distribution Statement : APPROVED FOR PUBLIC RELEASE