Market Games With Asymmetric Information The Core With Finitely Many States Of The World PDF Download
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Author | : Beth ALLEN |
Publisher | : |
Total Pages | : |
Release | : 1992 |
Genre | : |
ISBN | : |
Download MARKET GAMES WITH ASYMMETRIC INFORMATION: THE CORE WITH FINITELY MANY STATES OF THE WORLD Book in PDF, ePub and Kindle
Author | : Beth Elaine Allen |
Publisher | : |
Total Pages | : 42 |
Release | : 1992 |
Genre | : |
ISBN | : |
Download Market Games with Asymmetric Information Book in PDF, ePub and Kindle
Author | : Ulrich Schwalbe |
Publisher | : Springer Science & Business Media |
Total Pages | : 151 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642584772 |
Download The Core of Economies with Asymmetric Information Book in PDF, ePub and Kindle
and should therefore constitute a part of every area of economic 3 theory. The spectrum covered by information economics today ranges from Stigler's search theory4 to industrial economics, including oligopoly theory, innovation, as well as research and develop 5 ment. However, the area information economics is most closely connected with is the theory of optimal contracts, mainly ana 6 lyzed in principal-agent models. Contract theory deals primar ily with the question of how optimal arrangements (contracts) for the purchase and sale of commodities and services between two or more agents should be structured. In these models, it is often assumed that the parties to the contract are informed differently or asymmetrically about relevant variables (e. g. the health of one party in the case of insurance contracts, or the effort in relation to employment contracts). As a result of this asymmetric in formation, phenomena such as moral hazard, adverse selection, signaling, and screening may arise. Frequently, results from con tract theory are referred to when making statements about the effects of asymmetric information on an economy. Models of this kind are often used to explain phenomena such as fixed wages or unemployment, among others. 7 However, such conclusions must be treated with caution for two reasons. In the first place, in these models, a contract (explicit or implicit) is determined by the solution of an optimization prob lem.
Author | : Beth Elaine Allen |
Publisher | : |
Total Pages | : 58 |
Release | : 1991 |
Genre | : |
ISBN | : |
Download Market Games with Asymmetric Information and Nontransferable Utility Book in PDF, ePub and Kindle
Author | : Sergiu Hart |
Publisher | : Springer Science & Business Media |
Total Pages | : 331 |
Release | : 2012-12-06 |
Genre | : Computers |
ISBN | : 3642604544 |
Download Cooperation: Game-Theoretic Approaches Book in PDF, ePub and Kindle
Issues relating to the emergence, persistence, and stability of cooperation among social agents of every type are widely recognized to be of paramount importance. They are also analytically difficult and intellectually challenging. This book, arising from a NATO Advanced Study Institute held at SUNY in 1994, is an up-to-date presentation of the contribution of game theory to the subject. The contributors are leading specialists who focus on the problem from the many different angles of game theory, including axiomatic bargaining theory, the Nash program of non-cooperative foundations, game with complete information, repeated and sequential games, bounded rationality methods, evolutionary theory, experimental approaches, and others. Together they offer significant progress in understanding cooperation.
Author | : Bertrand Munier |
Publisher | : Springer Science & Business Media |
Total Pages | : 443 |
Release | : 2013-03-14 |
Genre | : Business & Economics |
ISBN | : 9401722986 |
Download Models and Experiments in Risk and Rationality Book in PDF, ePub and Kindle
Models and Experiments in Risk and Rationality presents original contributions to the areas of individual choice, experimental economics, operations and analysis, multiple criteria decision making, market uncertainty, game theory and social choice. The papers, which were presented at the FUR VI conference, are arranged to appear in order of increasing complexity of the decision environment or social context in which they situate themselves. The first section `Psychological Aspects of Risk-Bearing', considers choice at the purely individual level and for the most part, free of any specific economic or social context. The second section examines individual choice within the classical expected utility approach while the third section works from a perspective that includes non-expected utility preferences over lotteries. Section four, `Multiple Criteria Decision-Making Under Uncertainty', considers the more specialized but crucial context of uncertain choice involving tradeoffs between competing criteria -- a field which is becoming of increasing importance in applied decision analysis. The final two sections examine uncertain choice in social or group contexts.
Author | : Dionysius Glycopantis |
Publisher | : Springer Science & Business Media |
Total Pages | : 656 |
Release | : 2005-12-28 |
Genre | : Business & Economics |
ISBN | : 3540269797 |
Download Differential Information Economies Book in PDF, ePub and Kindle
One of the main problems in current economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Bayesian equilibrium of a dynamic, noncooperative game. The question arises whether it is possible to provide Walrasian type or cooperative equilibrium concepts which have these properties. This volume contains original contributions on noncooperative and cooperative equilibrium notions in economies with differential information and provides answers to the above questions. Moreover, issues of stability, learning and continuity of alternative equilibria are also examined.
Author | : |
Publisher | : Springer |
Total Pages | : 7493 |
Release | : 2016-05-18 |
Genre | : Law |
ISBN | : 1349588024 |
Download The New Palgrave Dictionary of Economics Book in PDF, ePub and Kindle
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author | : Alan C. Stockman |
Publisher | : |
Total Pages | : 48 |
Release | : 1993 |
Genre | : Foreign exchange rates |
ISBN | : |
Download Short-run Independence of Monetary Policy Under Pegged Exchange Rates and Effects of Money on Exchange Rates and Interest Rates Book in PDF, ePub and Kindle
Author | : Fumio Hayashi |
Publisher | : |
Total Pages | : 54 |
Release | : 1992 |
Genre | : Equilibrium (Economics) |
ISBN | : |
Download Fiat Money, Barter, and Optimal Monetary Policy with Capital Book in PDF, ePub and Kindle