The Economics of Imperfect Information
The Economics of Imperfect Information
Louis Phlips
February 1989
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Paperback
9780521313810
$45.00
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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
February 1989Paperback
9780521313810
296 pages
228 × 152 × 15 mm
0.408kg
Available
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.
