Inventory Stability and Resource Allocation under Uncertainty in a Command Economy
研究指令经济中计划实施的理论问题,指出经济决策的不确定性需要负反馈机制来确保计划执行,并讨论了三种反馈机制在库存行为中的应用。
This paper focuses on a theoretical issue involved in modeling the functioning of a centrally planned economy. Results derived in a model of inventory behavior indicate that the uncertain consequences of economic decisions and their cumulative impact on the functioning of the economy need to be explicitly recognized in order to study plan implementation. When this is done the need for institutions or procedures with homeostatic properties, i.e., negative feedback mechanisms, is revealed. Without such mechanisms orders consistent with a feasible plan may be unable to insure implementation of that plan even when all economic agents are perfectly motivated. Three types of feedback mechanisms resolving this difficulty are formulated and discussed with respect to inventory behavior in a centrally planned economy.