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Allocation, Information and Markets

Buch | Hardcover

312 Seiten

1989
Palgrave Macmillan (Verlag)
978-0-333-49538-4 (ISBN)

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This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets. The foundations of most of neoclassical economics can be seen to be the concept of competitive equilibrium, which stems from the interaction of an economy-wide system of markets. In the 1950s, the Arrow-Debreu model of general equilibrium provided a new point of departure for such analyses and led naturally to an examination of the assumptions lying behind them, in particular to questions of how information and allocation interact. These essays aim to demonstrate how economists currently formulate and seek to answer these questions.

Efficient allocation, S.Reiter; adverse selection, C.Wilson; asymmetric information, A.Postlewaite; auctions, V.L.Smith; bidding, R.Wilson; the coase theorem, R.D.Cooter; decentralization, E.Malivaud; economic organization and transaction costs, S.NM.S.Cheung; exchange, R.Wilson; experimental methods in economics, V.L.Smith; externalities, J.J.Laffont; fraud, E.Karni; hidden actions, moral hazard and contract theory, R.Guesnerie; implicit contracts, C.Azariadis; incentive compatibility, J.O.Ledyard; incentive contracts, E.P.Lazear; incomplete contracts, O.Hart; incomplete markets, C.Wilson; market failure, J.O.Ledyard; mechanism design, R.B.Myerson; moral hazard, Y.Kotowitz; natural selection and evolution, S.G.Winter; organization theory, T.Marschak; perfectly and imperfectly competitive markets, J.Roberts; principal and agent, J.E.Stiglitz; public goods, A.Sandmo; revelation of preferences, J.J.Laffont; search theory, P.Diamond; signalling J.G.Riley; teams, R.Radner.

Erscheint lt. Verlag	21.9.1989
Reihe/Serie	The new Palgrave series
Zusatzinfo	bibliography
Verlagsort	Basingstoke
Sprache	englisch
Maße	156 x 234 mm
Gewicht	610 g
Themenwelt	Schulbuch / Wörterbuch ► Lexikon / Chroniken
	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	0-333-49538-1 / 0333495381
ISBN-13	978-0-333-49538-4 / 9780333495384
Zustand	Neuware