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Economics of Imperfect Information by Louis Phlips (1989, Trade Paperback)

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About this product

Product Identifiers

PublisherCambridge University Press

ISBN-100521313813

ISBN-139780521313810

eBay Product ID (ePID)865638

Product Key Features

Number of Pages296 Pages

LanguageEnglish

Publication NameEconomics of Imperfect Information

Publication Year1989

SubjectOperations Research, Economics / Microeconomics, Library & Information Science / General

TypeTextbook

Subject AreaLanguage Arts & Disciplines, Business & Economics

AuthorLouis Phlips

FormatTrade Paperback

Dimensions

Item Height0.6 in

Item Weight15.5 Oz

Item Length9 in

Item Width6 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN88-015096

TitleLeadingThe

Dewey Edition19

IllustratedYes

Dewey Decimal330.1

Table Of ContentList 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.

SynopsisThis book provides a systematic presentation of new microeconomic theories of imperfect information. Each chapter explores a particular type of informational asymmetry and reviews major papers. Wherever possible the theories are compared with experimental evidence. An extensive bibliography is included., This book provides a systematic presentation of new microeconomic theories of imperfect information. Each chapter explores a particular type of informational asymmetry and reviews major papers. Wherever possible the theories are compared with experimental evidence. An extensive bibliography is included. Part I, statics, begins with an examination of how imperfect price or quantity information on the buyer's side provides new explanations of phenomena such as price dispersion and sales or resale price maintenance. A thorough discussion of private value auctions and common value auctions follows. Subsequent chapters investigate the links between uncertainty about personal characteristics and job signaling, incomplete insurance coverage, and credit rationing by banks. Part II, dynamics, relates the dynamics of collusion, predation, and market efficiency to the transmission, pooling, and aggregation of private information. Game theoretic findings and their implications for antitrust policy are included., 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.

LC Classification NumberHB133 .P48 1988