Technologies That Replace a "Central Planner"

Robert M. Townsend and Nicolas X. Zhang

AEA Papers and Proceedings, 2023, vol. 113, 257-62

Abstract: Contracting possibilities are endogenous to the technologies on which the negotiation and the trading environments are built. Here we review how different technologies allow different implementations of the "central planner" and gradually abstract this centralized role away into the technological environment. We emphasize that the "central planner" construct should no longer remain an abstract invocation in the literature and that it already is concretely deployed to implement optimized solutions to bilateral and multiagent mechanism design problems. We hope to provide methods for economic, business, and policy designers to leverage the right technological tools for the different problems they are facing.

JEL-codes: D44 D82 D86 E58 F31 F33 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.aeaweb.org/doi/10.1257/pandp.20231031 (application/pdf)
https://www.aeaweb.org/doi/10.1257/pandp.20231031.ds (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:apandp:v:113:y:2023:p:257-62

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/subscribe.html

DOI: 10.1257/pandp.20231031

Access Statistics for this article

AEA Papers and Proceedings is currently edited by William Johnson and Kelly Markel

More articles in AEA Papers and Proceedings from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().