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THEORY AND PRACTICE OF DECENTRALIZED PLANNING PROCEDURES |
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| Authors: | Parkash Chander Ashok Parikh |
| Institution: | Indian Statistical Institute;University of East Anglia |
| Abstract: | 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 USSR, Hungary and India is also discussed. |
| Keywords: | Planning procedures information incentives material balances |