Studies in Economic Theory

Differential Information Economies

Editors: Glycopantis, D., Yannelis, Nicholas C. (Eds.)

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eBook $229.00
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  • ISBN 978-3-540-26979-3
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Hardcover $299.00
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  • ISBN 978-3-540-21424-3
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About this 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. 

Table of contents (3 chapters)

  • Equilibrium concepts in differential information economies

    Dionysius Glycopantis, Nicholas C. Yannelis

    Pages 1-53

  • Risk aversion and incentive compatibility with ex post information asymmetry

    Martin F. Hellwig

    Pages 341-363

  • The value allocation of an economy with differential information

    Stefan Krasa, Nicholas C. Yannelis

    Pages 507-526

Buy this book

eBook $229.00
price for USA (gross)
  • ISBN 978-3-540-26979-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $299.00
price for USA
  • ISBN 978-3-540-21424-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $299.00
price for USA
  • ISBN 978-3-642-05977-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Differential Information Economies
Editors
  • D. Glycopantis
  • Nicholas C. Yannelis
Series Title
Studies in Economic Theory
Series Volume
19
Copyright
2005
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-26979-3
DOI
10.1007/b138401
Hardcover ISBN
978-3-540-21424-3
Softcover ISBN
978-3-642-05977-3
Series ISSN
1431-8849
Edition Number
1
Number of Pages
XIV, 650
Topics