## Decision and organization: A volume in honor of Jacob MarschakC. B. McGuire, Roy Radner, Kenneth Joseph Arrow |

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adjustment process allocation alternative assumed assumption behavior Chapter chess choice commodities competitive components computation conditional distribution conditional expectation consequences consider constraints consumption continuous continuous function cost Debreu decentralized decision maker decision problem defined denote depend dynamic Dynamic Programming Economic enterprise managers environment equation equilibrium equivalent example exists expected payoff expected utility expected value follows formal given Hence implies independent indifference curve individual information function information structure initial interim action interval Koopmans Lemma linear linear programming linear transformation Markov Marschak Mathematical matrix maximize mechanism messages monotone optimal decision functions optimal decision rule organization parameters partition payoff function perfect competition possible postulates preference ordering probability distribution proof Proposition quadratic Radner random variable rational representation resource manager respect satisficing satisfying Section shadow price signal space Suppose team decision function terminal iteration Theorem theory trader uncertainty utility function vector