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Your search for "decentralization" over the article keywords returned 17 results.

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1. shadow pricing

When a businessman evaluates a project, he does it with a view to calculating the prospective profit from it. These calculations can be seen as taking ...

By Ravi Kanbur. From The New Palgrave Dictionary of Economics, Second Edition, 2008

2. information aggregation and prices

Economists commonly interpret market-clearing prices as the signals that competitive markets transmit to economic agents to facilitate the efficient allocation ...

By James Jordan. From The New Palgrave Dictionary of Economics, Second Edition, 2008

3. teams

A team consists of a number of decision-makers, with common interests and beliefs, but controlling different decision variables and basing their decisions ...

By Roy Radner. From The New Palgrave Dictionary of Economics, Second Edition, 2008

4. Chinese economic reforms

Why did China's modest reforms unleash an enormous boom? Three decades of socialist planning created vast untapped potential. China captured this potential ...

By Loren Brandt and Thomas G. Rawski. From The New Palgrave Dictionary of Economics, Second Edition, 2008

5. fiscal federalism

Fiscal federalism is concerned with the division of policy responsibilities among different levels of government and with the fiscal interactions among ...

By David E. Wildasin. From The New Palgrave Dictionary of Economics, Second Edition, 2008

6. planning

Formally, planning in an economic context can be identified with a constrained maximization problem. The objective, whether it is simply social welfare ...

By Rajiv Vohra. From The New Palgrave Dictionary of Economics, Second Edition, 2008

7. wage inequality, changes in

We examine trends in wage inequality in the United States and other countries since the 1960s. We show that there has been a secular increase in the 90–50 ...

By Stephen Machin and John Van Reenen. From The New Palgrave Dictionary of Economics, Second Edition, 2008

8. recursive competitive equilibrium

In this article we define a recursive competitive equilibrium, provide an example and review the related literature. The underlying structure of most ...

By Rajnish Mehra. From The New Palgrave Dictionary of Economics, Second Edition, 2008

9. state capture and corruption in transition economies

State capture by industrial lobbyists is a significant obstacle to normal economic development of formerly command (socialist) economies, at both the ...

By Konstantin Sonin. From The New Palgrave Dictionary of Economics, Second Edition, 2008

10. decentralization

Central planning is inefficient because it lacks incentives and is poorly informed. Complete decentralization risks being inequitable and also inefficient ...

By E. Malinvaud. From The New Palgrave Dictionary of Economics, Second Edition, 2008