Abstract
Economists are not always willing to confine themselves to the analysis of what exists, because they regard the economic structure as subject to conscious modification, by legislation as well as other techniques. If one is willing to consider such modifications, one must study their feasibility, and it becomes natural to develop a set of criteria by which to judge their desirability.
Research for this chapter was carried out with the aid of NSF grant, NSF-Soc71-3780 AO4 (GS-31276X). An earlier version was presented at a US-USSR seminar in Moscow, June 1976.
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© 1985 George R. Feiwel
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Hurwicz, L. (1985). Information and Incentives in Designing Non-wasteful Resource Allocation Systems. In: Feiwel, G.R. (eds) Issues in Contemporary Microeconomics and Welfare. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06876-0_3
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DOI: https://doi.org/10.1007/978-1-349-06876-0_3
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