INSEAD Library

Paperback 2007

Includes bibliographical references and index

Digitized

CONTENTS Studies in Resource Allocation Processes Studies in Resource Allocation Processes Preface Acknowledgments for reprinted articles PART I i x xiii General introduction The design of resoorce allocation mechanisms L. HURWICZ PART 11 Economies with a single maximand General survey Decentralization and computation in resource allocation K. J. ARROW AND L. HURWICZ Static characterization Constraint qualifications in maximization problems K. J. ARROW, L. HURWICZ, AND H. UZAWA Quasitoncave programming K. J. ARROW AND A. C. ENTHOVEN Decentralization within firms Optimization, decentralization, and internal pricing in business firms K. J. ARROW Dynamic characterization Gradient methods for constrained maxima K. J. ARROW AND L. HURWICZ The handling of nonconwxitiei Reduction of constrained maxima to saddle-point problems K. J. ARROW AND L. HURWICZ A general saddle-point result for constrained optimization K. J. ARROW, F. J . COULD, AND S. M . HOWE Convexity of asymptotic average production possibility sets L. HURWICZ AND H. UZAWA PART 111 Economies with multiple objectives I Stability of competitive equilibrium On the stability of competitive equilibrium I. K. J . ARROW AND L. HURWICZ On the stability of competitive equilibrium 11. K. J. ARROW, H. D. BLOCK, AND L. HURWICZ 228 255 258 On the stability of competitive equilibrium 11: postscript K. J. ARROW AND L. HURWICZ Some remarks on the equilibria of economic systems K. J. ARROW AND L. HURWICZ Competitive stability under weak gross substitutability Competitive stability under weak gross substitutability: the "Euclidean distance" approach K. J. ARROW AND L. HURWICZ 265 Competitive stability under weak gross substitutability: nonlinear price adjustment and adaptive expectations K. J. ARROW AND L. HURWICZ Stability in oligopoly Stability of the gradient process in n-person games K. J. ARROW AND L. HURWICZ Studies in l m l stability A theorem on expectations and the stability of equilibrium A. C. ENTHOVEN AND K. J . ARROW A note on expectations and stability K. J. ARROW AND M. NERLOVE A note on dynamic stability K. J. ARROW AND M. McMANUS Stability independent of adjustment speed K. J. ARROW Dynumic shortages Dynamic shortages and price rises: the engineer-scientist case K. J. ARROW AND W. M. CAPRON Pricequantity adjustments in multiple markets with rising demands K. J . ARROW Foundcrtions of price d y ~ m i c s Toward a theory of price adjustment K. J. ARROW PART IV General characterizationsof allocation procems Optimality and informational efficiency in resource allocation processes L. HURWICZ On the dimensional requirements of informationally decentralized Pareto-satisfactory processes L. HURWICZ On informationally decentralized systems L. HURWICZ Appendix An optimality criterion for decision-making under ignorance K . J. ARROW AND L. HURWICZ Author index Subject index Index of examples