Differential Information Economies

650 Seiten, Taschenbuch

Kurzbeschreibung des Verlags

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. 

• Reihe: Studies in Economic Theory
• ISBN: 9783642059773
• Sprache: Englisch
• Erscheinungsdatum: 21.10.2010
• Genre: Wirtschaft/Volkswirtschaft
• Verlag: Springer Berlin
• Herausgegeben von: Dionysius Glycopantis, Nicholas C. Yannelis