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The Economics of Imperfect Information
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Details

  • Page extent: 296 pages
  • Size: 228 x 152 mm
  • Weight: 0.44 kg

Library of Congress

  • Dewey number: 330.1
  • Dewey version: 19
  • LC Classification: HB133 .P48 1988
  • LC Subject headings:
    • Information theory in economics
    • Uncertainty
    • Decision making
    • Game theory
    • Institutional economics

Library of Congress Record

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Paperback

 (ISBN-13: 9780521313810 | ISBN-10: 0521313813)

  • Also available in Hardback
  • Published February 1989

Manufactured on demand: supplied direct from the printer

$35.99 (C)

This is the first systematic textbook presentation of the new microeconomic theories based on imperfect information. Each chapter explores a particular type of informational asymmetry and reviews the main contributions, from the seminal papers of the late 1960s through the most recent developments. Wherever possible the theories covered are confronted with the available experimental evidence.

Contents

List of figures and tables; Preface; Acknowledgments; 1. Preliminaries; Part I. Statics: 2. Asymmetric price information; 3. Asymmetric quality information; 4. Auctions; 5. Signaling equilibria; Part II. Dynamics: 6. Oligopoly and collusion; 7. Predatory pricing; 8. Efficient double auctions; References; Index.

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