Information, Incentives, and Economic Mechanisms

Information, Incentives, and Economic Mechanisms PDF Author: Theodore Groves
Publisher: U of Minnesota Press
ISBN: 1452908044
Category : Business & Economics
Languages : en
Pages : 410

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Book Description
Printbegrænsninger: Der kan printes 10 sider ad gangen og max. 40 sider pr. session

Information, Incentives, and Economic Mechanisms

Information, Incentives, and Economic Mechanisms PDF Author: Theodore Groves
Publisher: U of Minnesota Press
ISBN: 1452908044
Category : Business & Economics
Languages : en
Pages : 410

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Book Description
Printbegrænsninger: Der kan printes 10 sider ad gangen og max. 40 sider pr. session

Differential Information Economies

Differential Information Economies PDF Author: Dionysius Glycopantis
Publisher: Springer Science & Business Media
ISBN: 3540269797
Category : Business & Economics
Languages : en
Pages : 656

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Book Description
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.

Bayesian Implementation

Bayesian Implementation PDF Author: Thomas R. Palfrey
Publisher: CRC Press
ISBN: 1000154645
Category : Business & Economics
Languages : en
Pages : 126

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Book Description
The implementation problem lies at the heart of a theory of institutions. Simply stated, the aim of implementation theory is to investigate in a rigorous way the relationships between outcomes in a society and how those outcomes arise. The first part of "Bayesian Implementation" presents a basic model of the Bayesian implementation problem and summarizes and explains recent developments in this branch of implementation theory. Substantive problems of interest such as public goods provision, auctions and bargaining are special cases of the model, and these are addressed in subsequent chapters.

Economic Analysis of Markets and Games

Economic Analysis of Markets and Games PDF Author: Partha Dasgupta
Publisher: MIT Press
ISBN: 9780262041270
Category : Business & Economics
Languages : en
Pages : 666

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Book Description
These original essays focus on a wide range of topics related to Frank Hahn'sdistinguished work in economics. Ranging from market analysis and game theory to the microeconomicfoundations of macroeconomics and from equilibrium and optimality with missing markets to economicsand society, they reflect the diversity of modem research in economic theory. What distinguishesHahn's work and many of the essays in this book is that the motivation often comes from practicalconcerns about unemployment, savings and investment, poverty, or the stability of markets.The essaysin Part I deal with the microeconomic foundations of macroeconomics - a field in which Hahn has madeimportant contributions, most notably in the theory of monetary economics. Topics include anevaluation of Hahn's contribution to the theory of distribution and such macroeconomic themes ascoordination failure, multiple equilibria, and strategic issues.Part II contains recentcontributions to game theory reflecting Hahn's interest in the question of what is rationalbehavior. The essays in Part III concentrate on general-equilibrium theory with missing markets, afield in which Hahn has made major advances. Although the essays address a different set of issues,they share with Hahn's works such themes as market failure, indeterminacy of equilibrium, and therole of money.Partha Dasgupta is Professor of Economics at Cambridge University. Douglas Gale isProfessor of Economics at Boston University. Oliver Hart is Professor of Economics at theMassachusetts Institute of Technology. Eric Maskin is Professor of Economics at HarvardUniversity.

Allocation, Information and Markets

Allocation, Information and Markets PDF Author: John Eatwell
Publisher: Springer
ISBN: 1349202150
Category : Business & Economics
Languages : en
Pages : 321

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Book Description
This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.

Cooperation: Game-Theoretic Approaches

Cooperation: Game-Theoretic Approaches PDF Author: Sergiu Hart
Publisher: Springer Science & Business Media
ISBN: 3642604544
Category : Computers
Languages : en
Pages : 331

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Book Description
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.

The World of Economics

The World of Economics PDF Author: John Eatwell
Publisher: Springer
ISBN: 1349213152
Category : Business & Economics
Languages : en
Pages : 766

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Book Description
What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from "The New Palgrave: A Dictionary of Economics". It shows how economists deal with issues ranging from trade to taxation.

Encyclopedia of Energy, Natural Resource, and Environmental Economics

Encyclopedia of Energy, Natural Resource, and Environmental Economics PDF Author:
Publisher: Newnes
ISBN: 0080964524
Category : Business & Economics
Languages : en
Pages : 1056

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Book Description
Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government

EUI Working Paper

EUI Working Paper PDF Author:
Publisher:
ISBN:
Category : Europe
Languages : en
Pages : 422

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Book Description


The Cosmo-Creative Society

The Cosmo-Creative Society PDF Author: Ake E. Andersson
Publisher: Springer Science & Business Media
ISBN: 3642784607
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Today, telecommunication systems are expanding and evolving at a remarkable rate, with the aid of fiber optics, satellites and comput erized switchboard systems. Airline systems are providing faster and more efficient networks for world-wide human transportation. Com puters are now generally accessible to virtually all industries and many households. But perhaps the most important factor is that education systems are expanding the knowledge base for city populations, thus resulting in increased efficiency in the use of computers, telecommuni cations and rapid transportation systems. The revolutionary age of logistical networks is upon lIS. Logistical networks are those systems which facilitate the movement of knowl edge, commodities, money, and people in association with thE; produc tion or consumption of goods and services. Logistical networks form a set of important infrastructure which serve as hard and soft means to sustain all kinds of movement, transactions and diffusion within and between global networks of cities. Major structural changes in the re gional and urban economy, culture and institutions are triggered by slow but steady changes in global logistical systems.