Allocation, Information and Markets by John Eatwell, Murray Milgate, Peter Newman (eds.)

By John Eatwell, Murray Milgate, Peter Newman (eds.)

This is an extract from the 4-volume dictionary of economics, a reference publication which goals to outline the topic of economics this present day. 1300 topic entries within the whole paintings hide the extensive issues of financial concept. This quantity concentrates concerning allocation info and markets.

Show description

Read Online or Download Allocation, Information and Markets PDF

Best microeconomics books

Long Cycles: Prosperity and War in the Modern Age

The writer builds a brand new interpretation of global heritage within the glossy age, based by means of the increase and decline of 3 hegemonic countries-the Netherlands, nice Britain, and the U.S.. He elaborates the old connections of economics and conflict in each one hegemonic cycle, with specific cognizance to 3 "hegemonic wars", 1618-48, 1793-1815, and 1914-45.

Firms, Markets and Economic Change: A Dynamic Theory of Business Institutions

Traditonal western different types of company association were known as into query by way of the luck of eastern keiretsu. enterprises, Markets and financial switch attracts on business economics, company process, and monetary heritage to increase an evolutionary version to teach whilst innovation is healthier undertaken.

Allocation, Information and Markets

This is often an extract from the 4-volume dictionary of economics, a reference booklet which goals to outline the topic of economics this present day. 1300 topic entries within the whole paintings conceal the wide issues of financial conception. This quantity concentrates regarding allocation info and markets.

A Course In Behavioral Economics

A path in Behavioral Economics 2e is an available and self-contained advent to the sphere of behavioral economics. the writer introduces scholars to the topic by way of evaluating and contrasting its theories and versions with these of mainstream economics. choked with examples, workouts and difficulties, this e-book emphasises the instinct at the back of the innovations and is acceptable for college kids from quite a lot of disciplines.

Extra info for Allocation, Information and Markets

Example text

Similar normative models have been used to investigate the nature of optimal policy for many problems such as regulatory policy, anti-trust policy, monetary policy and other problems in which asymmetric information may playa role. The common technique in analysing both normative and positive problems with asymmetric information is to model them as games with incomplete information and to use the Bayesian-Nash solution concept. This captures both the asymmetric information and the problems raised by economic agents sometimes having incentives to misrepresent the information they have.

The Economics of Control. New York: Macmillan. Lipsey, R. and Lancaster, K. 1956. The general theory of second best. Review of Economic Studies 24, 11-32. , Mitra, T. and Majumdar, M. 1980. Pareto optimality and competitive equilibrium in infinite horizon economies. Journal of Mathematical Economics 7,1-26. McKenzie, L. 1959. On the existence of general equilibrium for a competitive market. Econometrica 27(1), January, 54-71. Majumdar, M. 1970. Some approximation theorems on efficiency prices for infinite programs.

1967. Efficiency prices for infinite horizon production programs. Review of Economic Studies 34,51-66. Ramsey, F. 1928. A mathematical theory of saving. Economic Journal 38, 543-59. Reichelstein, S. 1984a. Dominant strategy implementation, incentive compatibility and informational requirements. Journal of Economic Theory 34(1), October, 32-51. Reichelstein, S. 1984b. Information and incentives in economic organizations. PhD dissertation, Northwestern University. Reichelstein, S. and Reiter, S. 1985.

Download PDF sample

Rated 4.93 of 5 – based on 49 votes