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Indices Prospectifs Quantitatifs et Procedures Decentralisees d'Elaboration des Plans

Econometrica 1972 40(1), 137
[This paper is concerned with the introduction of input or output targets in decentralized planning processes. The process which is studied is that of Dantzig-Wolf-Malinvaud. All the properties of a "good" scheme are present when the central board designates a neighborhood of a point of the production set (instead of an exact output target) where each firm or sector is constrained to maximize an index.]