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The Evaluation of Centrally Planned Economic Systems
Some Observations on Intersystem Comparisons
Is Market Socialism Efficient?
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agent allocation analysis Andrew Zimbalist assets assumption behavior bonus capital central planning centralized physical planning comparative economic systems comparison competitive constraints coordination costs CPEs criteria decentralized decisions demand dividend per worker DMEs economic reform empirical enterprise managers environment equilibrium Estrin evaluation example existing given Granick imperfect competition important income individual inefficiency inequality inputs investment job rights Journal of Comparative Kornai labor force Langean macroeconomic malfunctions marginal products market socialism maximize ment neoclassical nomic norm function objective function outcomes output Pareto criterion Pareto optimality percent performance periphery planners political possible potential preferences Press problem production function profits quasi-rent result returns to scale sector Self-Management social welfare function socialist economy Soviet economy Soviet planning system Soviet Union Soviet-type structure subaggregates supply target theoretical theory tion USSR Vanek variable worker managed economy worker managed enterprise worker managed firm Yugoslav Yugoslavia Zimbalist