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Economics - Microeconomics / Industrial Organization | Decisions, Games and Markets

Decisions, Games and Markets

Battigalli, Pierpaolo, Montesano, Aldo M., Panunzi, Fausto (Eds.)

1997, XIII, 368 p.

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Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as in their applications to economics. The book is divided into three parts - Decision Theory, Game Theory, and the Theory of Markets. Though its orientation is primarily methodological, some articles are more applied. The consistent use of formal analysis and methodological individualism constitutes the unifying theme of the book. Decisions, Games and Markets will be of considerable interest to both students and teachers of microeconomics and game and decision theory.

Content Level » Research

Keywords » decision theory - duality - economics - equilibrium - game theory - general equilibrium - general equilibrium theory - incomplete information - microeconomics

Related subjects » Economic Theory - Microeconomics / Industrial Organization - Operations Research & Decision Theory

Table of contents 

Preface. Part I: Decisions. 1. `Direct' and `Indirect' Duality for Dominance Relations; E. Castagnoli, M. Licalzi. 2. Conditional Preferences, Ellsberg Paradoxes and the Sure Thing Principle; M. Siniscalchi. Part II: Games. 3. Games with Observable Deviators; P. Battigalli. 4. Conjectural Equilibria and Rationalizability in a Game with Incomplete Information; P. Battigalli, D. Guaitoli. 5. Lexicographic Rationality Orderings and Iterative Weak Dominance; P. Veronesi. Part III: Markets. 6. At the Roots of Indeterminacy; A. Bisin. 7. The Information Content of Specialist Pricing: A Dynamic Model; S. Brusco. 8. `Laws of Large Numbers' in Continuum Economies; F. Corielli. 9. Decentralization, Mobility Costs and the Soft Budget Constraint; F. Daveri, F. Panunzi. 10. Equivalence and Duality between the Sets of Pareto-Maximal Allocations and the Sets of Maximal Distributable Surplus Allocations, Including Externalities; A. Montesano. 11. Economic Models of Social Learning; G. Moscarini, M. Ottaviani. 12. Market Size, the Informational Content of Stock Prices and Risk: A Multiasset Model and Some Evidence; M. Pagano. 13. Adoption of Flexible Technologies in an Evolutionary Environment; P.L. Sacco, C. Scarpa. Index.

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