Hayek, Local Information, and Commanding Heights : Decentralizing State-Owned Enterprises in China

Hayek, Local Information, and Commanding Heights : Decentralizing State-Owned Enterprises in China

Hayek (1945) argues that local information is key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of decentralizing SOEs confirms this insight: when the distance to the government is farther, the SO...

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Bibliographic Details
Main Authors: Huang, Zhangkai, Li, Lixing, Ma, Guangrong, Xu, Lixin Colin
Format: Journal Article
Published: American Economic Association 2017
Subjects:
DECENTRALIZATION
STATE-OWNED ENTERPRISES
COMMUNICATION COSTS
STRATEGIC INDUSTRIES
INDUSTRIAL POLICY
COMPETITION POLICY
Online Access:http://hdl.handle.net/10986/29066

Internet

http://hdl.handle.net/10986/29066

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