This paper describes a decentralized planning procedure which converges to a global optimum--as seen by a central planning board--whether or not the production possibility sets of the firms are convex. All information is exchanged in the form of quantities: the planning board proposes quotas and the firms respond with feasible production programs.
MLA
Cremer, Jacques. “A Quantity-Quantity Algorithm for Planning under Increasing Returns to Scale.” Econometrica, vol. 45, .no 6, Econometric Society, 1977, pp. 1339-1348, https://www.jstor.org/stable/1912303
Chicago
Cremer, Jacques. “A Quantity-Quantity Algorithm for Planning under Increasing Returns to Scale.” Econometrica, 45, .no 6, (Econometric Society: 1977), 1339-1348. https://www.jstor.org/stable/1912303
APA
Cremer, J. (1977). A Quantity-Quantity Algorithm for Planning under Increasing Returns to Scale. Econometrica, 45(6), 1339-1348. https://www.jstor.org/stable/1912303
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