Differential Information Economies - E-book

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Differential Information Economies - ENG

Dionysius Glycopantis; ?Nicholas C. Yannelis

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Sinopsis

ISBN:	9783540269793
Formato:	Page Fidelity
Idioma:	Inglés
Editorial:	Springer Nature
Tema:	Matemáticas
Subtema:	Teoría del Juego
Año de publicación:	2005-12-28

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 ofÂ stability, learning and continuity of alternative equilibria are also examined.Â

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