The Economics of Missing Markets, Information and Games - Hardcover

Inhaltsangabe

This book aims to provide new insights into a range of theoretical economic issues and to extend the Walrasian General Equilibrium Model, which is at the core of modern economic analysis. The book identifies many gaps in theories, especially those concerned with imperfect information and its effect on markets and economic agents' behaviour. The book is divided into six parts: the first raises general issues about incomplete markets; the second discusses some outstanding problems in game theory; the third is concerned with information and decision-making; the fourth focuses on contracts; the fifth on dynamics and intertemporal economics using overlapping generations models and the sixth explores the relationship between micro and macro economics. The team of contributors includes a number of distinguished economists from Cambridge and the United States, as well as a group of younger researchers who have been members of a project entitled "Information, Risk and Quantity Signals in Economics", at the University of Cambridge.

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