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...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
American Economic Association
2017
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/29066 |