Theory and Practice of Decentralized Planning Procedures

Parkash Chander and Ashok Parikh

Journal of Economic Surveys, 1990, vol. 4, issue 1, 19-58

Abstract: The paper surveys the theory of decentralized planning procedures, dealing with price-guided, quantity-guided and mixed procedures. Informational and incentive properties of the various procedures are dealt with, as is the problem of public goods. The practice of planning in the U.S.S.R., Hungary and India is also discussed. Copyright 1990 by Blackwell Publishers Ltd

Date: 1990
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