Centralized Versus Decentralized Resource Allocation: The Yugoslav "Laboratory"

Thomas Marschak

The Quarterly Journal of Economics, 1968, vol. 82, issue 4, 561-587

Abstract: I. Introduction: comparing allocation mechanisms in an ideal laboratory, 561. — II. The "administrative" period in postwar Yugoslavia, 567. — III. The decentralized mechanism in Yugoslavia, 572. — IV. The administrative and the decentralized periods: comparison of aggregates, 574. — V. The performance of the new mechanism: noncomparative analysis, 579. — VI. Concluding remarks, 585.

Date: 1968
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