ENGLISH

Differential Information Economies

By Dionysius Glycopantis , Nicholas C. Yannelis

Book information

Publisher
Springer
Year
2004
ISBN
3540214240, 9783540214243, 9783540269793
Open Library ID
OL9054645M
Language
english
Format
PDF
Filesize
4 MB (3933467 bytes)
Series
Studies in Economic Theory
Edition
1
Pages
670\670
Topic
Economy
Library
Kolxo3
Time added
2010-07-29 05:14:56

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.

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