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Klappentext The Econometric Society holds a World Congress every five years. The program of these congresses has traditionally included a series of invited symposia, where speakers survey important recent advances in economic theory and econometrics. This volume, with its focus on economic theory and its companion volumes on econometrics contain papers delivered at the Fifth World Congress held in 1985. Designed to make material accessible to a general audience of economists, these articles should be helpful to anyone with training in economics, who wishes to review past ideas and tendencies in the subject. Advances in Economic Theory - Fifth World Congress, edited by Professor Truman F. Bewley, includes a wide variety of topics, comprising empirical and policy orientated subjects as well as theoretical ones. Zusammenfassung This volume! with its focus on economic theory! contains papers delivered at the Fifth World Congress held in 1985. Designed to make material accessible to a general audience of economists! these articles should be helpful to anyone with training in economics! who wishes to review past ideas and tendencies in the subject Inhaltsverzeichnis List of contributors; Editor's preface; 1. Auction theory Paul R. Milgrom; 2. Game-theoretic analyses of trading processes Robert Wilson; 3. The theory of contracts Oliver Hart and Bengt Holmstrom; 4. Battles for market share: incomplete information, aggressive strategic pricing and competitive dynamics John Roberts; 5. A sequential strategic theory of bargaining Ariel Rubinstein; 6. On the complexity of linear programming Nimrod Megiddo; 7. Laboratory experimentation in economics Alvin E. Roth; 8. Increasing returns and the theory of international trade Paul R. Krugman; 9. Strategic aspects of trade policy Avinash Dixit; 10. Equilibrium without an auctioneer Peter Diamond; 11. Arrow-Debreu programs as microfoundations of macroeconomics Robert M. Townsend.
