The Economics of Imperfect Information - Couverture souple

Phlips, Louis

Couverture souple

ISBN 10 : 0521313813 ISBN 13 : 9780521313810

Editeur : Cambridge University Press, 2010

Synopsis

Book by Phlips Louis

A propos du livre

Présentation de l'éditeur :

This book provides a systematic presentation of new microeconomic theories of imperfect information. Each chapter explores a particular type of informational asymmetry and reviews major papers. Wherever possible the theories are compared with experimental evidence. An extensive bibliography is included. Part I, statics, begins with an examination of how imperfect price or quantity information on the buyer's side provides new explanations of phenomena such as price dispersion and sales or resale price maintenance. A thorough discussion of private value auctions and common value auctions follows. Subsequent chapters investigate the links between uncertainty about personal characteristics and job signaling, incomplete insurance coverage, and credit rationing by banks. Part II, dynamics, relates the dynamics of collusion, predation, and market efficiency to the transmission, pooling, and aggregation of private information. Game theoretic findings and their implications for antitrust policy are included.

À propos de cette édition

• Éditeur: Cambridge University Press
• Date d'édition: 2010
• ISBN 10: 0521313813
• ISBN 13: 9780521313810
• Reliure: Broché
• Nombre de pages: 296