Differential Information Economies

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. 

Summary

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. 

Product details

• Assisted by: C Yannelis (Editor), Nicholas C. Yannelis (Editor), Nicholas Yannelis (Editor), Dionysiu Glycopantis (Editor), C Yannelis (Editor), D. Glycopantis (Editor), Dionysius Glycopantis (Editor)
• Publisher: Springer, Berlin
• Content: Book
• Product form: Paperback / Softback
• Publication date: 13.10.2010
• Subject: Social sciences, law, business > Business > Economics
• EAN: 9783642059773
• ISBN: 978-3-642-05977-3
• Pages: 650
• Illustrations: XIV, 650 p.
• Dimensions (packing): 15.6 x 3.5 x 23.4 cm
• Weight (packing): 1,008 g
• Series: Studies in Economic Theory > 19; Studies in Economic Theory
• Subjects: Spieltheorie, C, Economics and Finance, Economic Theory, Game Theory, Economics, Social and Behav. Sciences, Philosophy of Mathematics, game theory, Management science, Information theory, Quantitative Economics, Economic Theory/Quantitative Economics/Mathematical Methods, mathematical economics