Differential Information Economies
Publication year: 2005
ISBN: 978-3-540-26979-3
Internet Resource: Please Login to download book
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.
Subject: Business and Economics, Differential Information Economies, Equilibrium Theory, bargaining, cooperative games, economic theory, economics, efficiency, equilibrium, incomplete information, information theory, mathematical economics
