The Economics of Imperfect Information

by Louis Phlips

Overview

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.

Product Details

ISBN-13:	9780521309202
Publisher:	Cambridge University Press
Publication date:	02/24/1989
Pages:	296
Product dimensions:	5.98(w) x 9.21(h) x 0.79(d)

Table of 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.