haku: @indexterm decentralisation / yhteensä: 269
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| Tekijä: | Klibanoff, P. Morduch, J. |
| Otsikko: | Decentralisation, externalities, and efficiency |
| Lehti: | Review of Economic Studies
1995 : APR, VOL. 62:2(211), p. 223-248 |
| Asiasana: | DECENTRALISATION EXTERNALITIES EFFICIENCY |
| Kieli: | eng |
| Tiivistelmä: | In the competitive model, externalities lead to inefficiencies increase with the size of externalities. However, as argued by Coase, these problems may be mitigated in a decentralized system through voluntary coordination. The authors show how coordination is limited by the combination of two factors: respect for individual autonomy and the existence of private information. |
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