On the economics of taut plans

Barry W. Ickes

doi:10.1016/0147-5967(86)90079-X

On the economics of taut plans

Barry W. Ickes

Economics

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

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 language	English (US)
Pages (from-to)	388-399
Number of pages	12
Journal	Journal of Comparative Economics
Volume	10
Issue number	4
DOIs	https://doi.org/10.1016/0147-5967(86)90079-X
State	Published - Dec 1986

All Science Journal Classification (ASJC) codes

Economics and Econometrics

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10.1016/0147-5967(86)90079-X

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title = "On the economics of taut plans",

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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AB - 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

Abstract

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