Coordination in Centralized and Decentralized Systems


Book Description

We study a simple coordination problem to understand the difference between centralized and decentralized economic systems. The decentralized system is more robust than the centralized system to communication errors. But the centralized system takes less time than the decentralized system to create coordination among constituent parts. Decentralization is preferable when there is little urgency, when there is need to prevent system-collapse, and when the constituent parts are more likely to make communication errors.




Economic Systems


Book Description




Decentralization


Book Description

Entrepreneurs as well as seasoned business leaders are struggling to innovate and stay ahead of change in the age of decentralization. What separates the companies that get disrupted from the ones that thrive when faced with decentralization? What tactics can be deployed to decentralize large monolithic organizations? Drawing on their experience as researchers and tech entrepreneurs, Professors Calcaterra and Kaal show how to Learn to embrace the change that comes with decentralization Evolve technology, communication, and culture as the business encounters decentralization Use best practices to maintain profitability in the emerging environments of decentralization across industries Combine responsibility with velocity to leverage the advantages of decentralization for the common good The book examines the core infrastructure elements that are needed before the first genuinely decentralized transaction can happen including a legal environment, underwriting, a truly decentralized blockchain that can overcome the blockchain trilemma (decentralization, scaling, security), and efficient governance of blockchains. Decentralization is essential reading for businesses seeking to win in an increasingly decentralized world where adaptation speed is the competitive advantage that matters most.







The Political Economy of Democratic Decentralization


Book Description

Nearly all countries worldwide are now experimenting with decentralization. Their motivation are diverse. Many countries are decentralizing because they believe this can help stimulate economic growth or reduce rural poverty, goals central government interventions have failed to achieve. Some countries see it as a way to strengthen civil society and deepen democracy. Some perceive it as a way to off-load expensive responsibilities onto lower level governments. Thus, decentralization is seen as a solution to many different kinds of problems. This report examines the origins and implications decentralization from a political economy perspective, with a focus on its promise and limitations. It explores why countries have often chosen not to decentralize, even when evidence suggests that doing so would be in the interests of the government. It seeks to explain why since the early 1980s many countries have undertaken some form of decentralization. This report also evaluates the evidence to understand where decentralization has considerable promise and where it does not. It identifies conditions needed for decentralization to succeed. It identifies the ways in which decentralization can promote rural development. And it names the goals which decentralization will probably not help achieve.




Centralization and Decentralization in Economic Policy


Book Description

This study considers a decentralized economic policy and to what extent a centralization of economic policy would seem justified on a national and international level.




Global Stability through Decentralization?


Book Description

The authors of this book, who represent a broad range of scientific disciplines, discuss the issue of centralized versus decentralized control and regulation in the context of sustainable development. The stability and resilience of complex technical, economic, societal and political systems are commonly assumed to be highly dependent on the effectiveness of sophisticated, mainly centralized regulation and control systems and governance structures, respectively. In nature, however, life is mainly self-regulated by widespread, mainly DNA-encoded control mechanisms. The fact that life has endured for more than 2.4 billion years suggests that, for man-made systems, decentralized control concepts are superior to centralized ones. The authors discuss benefits and drawbacks of both approaches to achieving sustainability, providing valuable information for students and professional decision makers alike.