• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Information Incentives Econ Co

Information Incentives Econ Co

Hardcover

Economics

ISBN10: 0521330459
ISBN13: 9780521330459
Publisher: Cambridge
Published: Sep 24 1992
Pages: 192
Weight: 0.86
Height: 0.56 Width: 5.50 Depth: 8.50
Language: English
This book examines methods for controlling or guiding a sector of the economy that do not require all the apparatus of economic planning or rely on the vain hope of sufficiently perfect competition, but instead rely entirely on the self-interest of economic agents and voluntary contract. The methods involved require trial-and-error steps in real time, with the target adjusted as the results of each step become known. The author shows that the methods are equally applicable to industries that are wholly privately owned, wholly nationalized, mixed or labor-managed.

Also in

Economics