Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

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Title:: Spatial organization and regional planning: Some hypotheses for econometric analysis / Walter Isard, Department of regional Science - University of Pennsylvania Philadelphia, Penn. - U.S.A.

Collection:: Economics Books

1036 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - Some of the experimental results of small group dynamics are pertinent to this issue. If you decentralize the decisions in a group too far, so that each member of a team is required to obtain a lot of information from all the others in order to make his decisions, the efficiency of the whole team is diminished. It is pretty clear that the relationship between efficiency and centralization is not mono- tonic; you run into serious inefficiencies at both extremes. HAAVELMO It seems to me that part of Prof. ISARD’s argument has to do with the old question of whether errors committed by centralized decisions will be bigger than the errors of decentralized decisions because, allegedly, the errors in the latter case may tend to cancel each other. But the answer is not so simple. It will depend essen- tially on the kind of correlations that exist between the errors, and this again depends on the network of relations in the economic system. [SARD I am glad to have Professor DorRFMAN’s comments. They in- dicate to me that I have not been as clear as I should have been on a number of points. First, I meant to suggest that only in some situations and with respect to only some specific functions (e. g. planning on local education) would a highly decentralized system be desirable. In many other cases, such as in transportation plan- ning, a high degree of spatial decentralization of decision-making authority is highly undesirable. I also would subscribe to the view that in the operation of many groups the relationship between efficiency and centralization is not monotonic. Actually, I use a number of graphs to indicate the non- 12] Isard - pag. 34

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