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Incentive design, iterative planning and local knowledge in a maturing socialist economy

机译:社会主义经济日趋成熟的激励设计,迭代计划和地方知识

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Libertarians, mainstream neoclassical economists, and even most socialists accept the idea that there are only two ways to organize economic activity: the market, and top-down command. A third alternative, however, is multi-level iterative coordination: enterprises create their own plans, and coordination occurs through repeated aggregation and fine-tuning. Enterprises must have incentives to plan ambitiously, but also realistically. The Western incentive design literature suggests that this is impossible: No incentive structure will prevent the enterprise from manipulating its plan and activity in ways that distort information and cause inefficiencies. However, when enterprise performance requires principled and knowledgeable participation of all of its members, reward maximization leads to convergence between plan and true potential, and between plan and actual result. This possibility theorem helps us to envision, and create, socialist institutions that combine the advantages of central coordination with the autonomy of enterprises and their ability to use local and tacit knowledge.View full textDownload full textKeywordsSocialism, incentive design, planning, local knowledgeRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/21598282.2011.566039
机译:自由主义者,主流新古典主义经济学家,甚至大多数社会主义者都接受这样一种观念,即只有两种方式来组织经济活动:市场和自上而下的命令。但是,第三种选择是多层迭代协调:企业创建自己的计划,而协调则通过重复的聚合和微调来进行。企业必须有动机进行雄心勃勃的计划,而且要切实可行。西方的激励设计文献认为这是不可能的:没有激励结构会阻止企业以扭曲信息并导致效率低下的方式操纵其计划和活动。但是,当企业绩效需要所有成员的有原则和知识的参与时,报酬的最大化会导致计划与真实潜力之间以及计划与实际结果之间的融合。这种可能性定理可以帮助我们设想并创建社会主义制度,将中央协调的优势与企业的自主权以及它们利用本地和隐性知识的能力相结合。查看全文下载全文关键字社会主义,激励设计,计划,本地知识相关var addthis_config = {ui_cobrand:“泰勒和弗朗西斯在线”,servicescompact:“ citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,更多”,发布:“ ra-4dff56cd6bb1830b”};添加到候选列表链接永久链接http://dx.doi.org/10.1080/21598282.2011.566039

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