On the economics of taut plans

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

Targets issued to enterprises in centrally planned economies are frequently taut. The literature on tautness has neglected the aggregate effects of taut plans. Since the outputs of some enterprises are inputs to others, taut plans allow for more intensive use of available resources, but coordination of taut plans is made difficult by incomplete information about the capacity constraints of various enterprises. We derive an aggregate relationship between the tautness of plans and total output.

Original languageEnglish (US)
Pages (from-to)388-399
Number of pages12
JournalJournal of Comparative Economics
Volume10
Issue number4
DOIs
StatePublished - Jan 1 1986

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Economics
Resources
Centrally planned economy
Incomplete information
Capacity constraints

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

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abstract = "Targets issued to enterprises in centrally planned economies are frequently taut. The literature on tautness has neglected the aggregate effects of taut plans. Since the outputs of some enterprises are inputs to others, taut plans allow for more intensive use of available resources, but coordination of taut plans is made difficult by incomplete information about the capacity constraints of various enterprises. We derive an aggregate relationship between the tautness of plans and total output.",
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On the economics of taut plans. / Ickes, Barry William.

In: Journal of Comparative Economics, Vol. 10, No. 4, 01.01.1986, p. 388-399.

Research output: Contribution to journalArticle

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