Download Full eBooks in PDF
The Economics Of Missing Markets Information And Games Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of The Economics Of Missing Markets Information And Games book. This book definitely worth reading, it is an incredibly well-written.
Author : Frank Hahn
Publisher : Unknown
Page : 505 pages
File Size : 50,7 Mb
Release : 1989
Category : Electronic
ISBN : OCLC:490571896
Author : Frank Hahn
Publisher : Oxford University Press, USA
Page : 528 pages
File Size : 52,7 Mb
Release : 1989
Category : Business & Economics
ISBN : UOM:39015014580719
This collection of papers is the result of a Cambridge University study of the consequences of missing markets, asymmetric information, market-dependent information, strategic market situations, and the role of quantity signals. The contributors also consider the behavior of overlapping generation models and their macroeconomic implications, providing a useful reference text on most of the main issues of current interest to economic theorists.
Author : Partha Dasgupta
Publisher : MIT Press
Page : 666 pages
File Size : 54,5 Mb
Release : 1992
Category : Business & Economics
ISBN : 0262041278
These original essays focus on a wide range of topics related to Frank Hahn'sdistinguished work in economics. Ranging from market analysis and game theory to the microeconomicfoundations of macroeconomics and from equilibrium and optimality with missing markets to economicsand society, they reflect the diversity of modem research in economic theory. What distinguishesHahn's work and many of the essays in this book is that the motivation often comes from practicalconcerns about unemployment, savings and investment, poverty, or the stability of markets.The essaysin Part I deal with the microeconomic foundations of macroeconomics - a field in which Hahn has madeimportant contributions, most notably in the theory of monetary economics. Topics include anevaluation of Hahn's contribution to the theory of distribution and such macroeconomic themes ascoordination failure, multiple equilibria, and strategic issues.Part II contains recentcontributions to game theory reflecting Hahn's interest in the question of what is rationalbehavior. The essays in Part III concentrate on general-equilibrium theory with missing markets, afield in which Hahn has made major advances. Although the essays address a different set of issues,they share with Hahn's works such themes as market failure, indeterminacy of equilibrium, and therole of money.Partha Dasgupta is Professor of Economics at Cambridge University. Douglas Gale isProfessor of Economics at Boston University. Oliver Hart is Professor of Economics at theMassachusetts Institute of Technology. Eric Maskin is Professor of Economics at HarvardUniversity.
Author : Wen Yu,Haibo He
Publisher : Springer Science & Business Media
Page : 1270 pages
File Size : 48,9 Mb
Release : 2009-05-06
Category : Computers
ISBN : 9783642015069
The three volume set LNCS 5551/5552/5553 constitutes the refereed proceedings of the 6th International Symposium on Neural Networks, ISNN 2009, held in Wuhan, China in May 2009. The 409 revised papers presented were carefully reviewed and selected from a total of 1.235 submissions. The papers are organized in 20 topical sections on theoretical analysis, stability, time-delay neural networks, machine learning, neural modeling, decision making systems, fuzzy systems and fuzzy neural networks, support vector machines and kernel methods, genetic algorithms, clustering and classification, pattern recognition, intelligent control, optimization, robotics, image processing, signal processing, biomedical applications, fault diagnosis, telecommunication, sensor network and transportation systems, as well as applications.
Author : Adam Przeworski
Publisher : Cambridge University Press
Page : 244 pages
File Size : 54,6 Mb
Release : 2003-08-25
Category : Business & Economics
ISBN : 0521535247
This book introduces the reader to the concepts and tools for studying relations between states and markets.
Author : Donald Rutherford
Publisher : Routledge
Page : 737 pages
File Size : 46,7 Mb
Release : 2013-06-26
Category : Business & Economics
ISBN : 9781136240249
The Routledge Dictionary of Economics, now in its third edition, provides the clearest, most authoritative definition of economic and financial terms available. The book is perfect for students and professionals interested in a broad range of disciplines including Business, Economics, Finance, and Accountancy and all additional subjects where a knowledge of these fields of essential. The dictionary has been updated to reflect the economic changes of the new Millennium including the emergence of experimental and behavioural economics, new political economy, the importance of institutions, globalization, environmental economics, financial crises and the economic emergence of China and India. It’s an international dictionary that includes succinctly explained A to Z entries and definitive explanations of the key terms, accompanied by a short bibliography and comprising supplementary online definitions. In a world where the reader is met with a barrage of conflicting and competing information, this book continues to provide a definitive guide to economics.
Author : Inés Macho-Stadler,J. David Pérez-Castrillo
Publisher : Oxford University Press
Page : 128 pages
File Size : 40,8 Mb
Release : 1996-10-03
Category : Business & Economics
ISBN : 9780191512070
In this revised second edition, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals and organizations when one party has more or better information on some aspect of the relationship. This is the condition of asymmetric information, under which the information gap will be exploited if, by doing so, the better-informed party can achieve some advantage. The book is written for a one-semester course for advanced undergraduates taking specialized course options, and for first-year postgraduate students of economics or business. After an introduction to the subject and the presentation of a benchmark model in which both parties share the same information throughout the relationship, chapters are devoted to the three main asymmetric information topics of Moral Hazard, Adverse Selection, and Signalling. The wide range of economic situations where the conclusions are applied includes such areas as finance, regulation, insurance, labour economics, health economics, and even politics. Each chapter presents the basic theory before moving on to applications and advanced topics. The problems are presented in the same framework throughout to allow easy comparison of the different results. This new edition incorporates extended exercises to test the student's understanding of the material, and to develop the tools and skills provided by the main text to solve other, original problems.
Author : Frank Rose
Publisher : Springer Science & Business Media
Page : 280 pages
File Size : 52,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642998058
The Internet provides an infrastructure that makes the steadily increasing amount of information accessible efficiently, quickly, and inexpensively. Closely connec ted with this opportunity is the danger that the available information will over charge the individual information seeker's capability to process the information and to judge its quality. In this situation, information intermediaries can take upon the role of an expert and a guarantor of quality similar to intermediaries in markets for physical goods or finances. Thus, information intermediaries can be a trust worthy, information processing third party, mediating between information seekers and information sources. The current technological development has created information technologies that are capable to efficiently process large amounts of information. However, the pro vision of intermediation services necessitates a thorough examination of the basic principles underlying the economics of information intermediaries as well as a sound foundation on information technologies. The present work by Frank Rose addresses the fundamental question concerning the economics of information intermediaries by means of an abstract model. The model focuses on services that concentrate on the search and mediation of information, and identifies the essential influencing factors of the intermediary's environment. The model is then employed to investigate the impact of environmental conditions on the information intermediary on the one hand, and the optimal strategy of the information intermediary as a reaction to environmental conditions on the other hand.
Author : Geir B. Asheim
Publisher : Springer Science & Business Media
Page : 203 pages
File Size : 50,5 Mb
Release : 2010-07-07
Category : Mathematics
ISBN : 9780387262376
During the last decade I have explored the consequences of what I have chosen to call the 'consistent preferences' approach to deductive reasoning in games. To a great extent this work has been done in coop eration with my co-authors Martin Dufwenberg, Andres Perea, and Ylva Sovik, and it has lead to a series of journal articles. This book presents the results of this research program. Since the present format permits a more extensive motivation for and presentation of the analysis, it is my hope that the content will be of interest to a wider audience than the corresponding journal articles can reach. In addition to active researcher in the field, it is intended for graduate students and others that wish to study epistemic conditions for equilibrium and rationalizability concepts in game theory. Structure of the book This book consists of twelve chapters. The main interactions between the chapters are illustrated in Table 0.1. As Table 0.1 indicates, the chapters can be organized into four dif ferent parts. Chapters 1 and 2 motivate the subsequent analysis by introducing the 'consistent preferences' approach, and by presenting ex amples and concepts that are revisited throughout the book. Chapters 3 and 4 present the decision-theoretic framework and the belief operators that are used in later chapters. Chapters 5, 6, 10, and 11 analyze games in the strategic form, while the remaining chapters-Chapters 7, 8, 9, and 12-are concerned with games in the extensive form.
Author : Dario Togati
Publisher : Routledge
Page : 408 pages
File Size : 47,6 Mb
Release : 1998-08-20
Category : Business & Economics
ISBN : 9781134670291
This book is a critical assessment of the Neoclassical Synthesis, long regarded as the standard interpretation of Keynes. It offers a fresh interpretation of Keynes and makes an important contribution to post-Keynesian economics.
Author : Michael Pollitt,Chi Kong Chyong
Publisher : Centre on Regulation in Europe asbl (CERRE)
Page : 73 pages
File Size : 45,7 Mb
Release : 2018-12-10
Category : Political Science
ISBN : 8210379456XXX
This CERRE report analyses the possible evolution of the European electricity market under different levels of variable renewable energy penetration towards 2025. The EU’s multiple efforts for decarbonisation with its long term strategy for a climate neutral economy by 2050, and the heated negotiations between the European Parliament, Council and Commission for a new market design highlight the many issues Europe is facing for defining the right electricity market. In this context, the authors of this new study have modelled and analysed the possible evolution of the electricity market under different variable renewable energy (VRE) penetration scenarios. They have looked at the necessary adaptation that these imply to the electricity market. Overall, the report highlights the challenges for the current market design in moving towards self-financing VRE. It also observes a likely continuation of the difficulties faced by generators in financing their investments on the basis of wholesale power prices alone, with only some partial mitigation should commodity prices rise, as expected by the IEA, or with substantial improvements in interconnection across Europe. “If the current market design is to deliver a decarbonised European electricity system, lower renewables costs and higher carbon prices will play a critical role,” said CERRE Academic Director Michael Pollitt and Chi Kong Chyong, the authors of the report. “In the absence of these favourable conditions for VRE, long term subsidy mechanisms in the form of auctions would need to continue in order to meet European renewable electricity targets.” The results of the modelling show the need for many of the existing fossil fuel power plants to remain on the system to support intermittent renewable electricity, hence the importance of the development of ancillary service markets. However, these markets are challenging to design, and the investments they support will likely have higher costs of capital given the volatile and difficult to predict income streams that they give rise to. The report’s results also raise two central questions for the electricity market design: - Will a radical market redesign be necessary by 2025? Given that EU member states have accepted to live with largely subsidised new electricity generation from 2005 to 2018, this seems unlikely. - Will market designs converge across Europe? The issue is whether different local circumstances will cause continuing or increasing divergence in market arrangements. Ireland, Spain, the UK, Greece and Germany could have significantly different market configurations by 2025 given their different ability to absorb increased amounts of VRE.
Author : R. Arena
Publisher : Edward Elgar Publishing
Page : 289 pages
File Size : 42,5 Mb
Release : 2006-01-01
Category : Psychology
ISBN : 9781847201539
The contributors to this book also suggest the need for a more integrated perspective on the meaning, as well as the role, of knowledge and beliefs in economics in the future. Possible lines of future research such as the extension of the concept of rationality in economics or the focus on cognitive processes in economic action are discussed.
Author : Cars H. Hommes,Roald Ramer,Cees A. Withagen
Publisher : Springer Science & Business Media
Page : 344 pages
File Size : 44,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642561313
This book contains essays in honour of Claus Weddepohl who, after 22 years, is retiring as professor of mathematical economics at the Department of Quantitative Economics of the University of Amsterdam. Claus Weddepohl may be viewed as th~ first Dutch mathematical economist in the general equi librium tradition of Arrow, Debreu and Hahn. The essays in this book are centered around the themes Equilibrium, Markets and Dynamics, that have been at the heart of Weddepohl's work on mathematical economics for more than three decades. The essays have been classified according to these three themes. Admittedly such a classification always is somewhat arbitrary, and most essays would in fact fit into two or even all three themes. The essays have been written by international as well as Dutch friends and colleagues including Weddepohl's former Ph. D. students. The book starts with a review of Claus Weddepohl's work by Roald Ramer, who has been working with him in Amsterdam for all those years. The review describes how Weddepohl became fascinated by general equilibrium theory in the early stages of his career, how he has been working on the theory of markets throughout his career, and how he turned to applications of nonlinear dynamics to price adjustment processes in a later stage of his career. The first part of the book, Equilibrium, collects essays with general equilib rium theory as the main theme.
Author : Julius Sensat
Publisher : Springer
Page : 223 pages
File Size : 55,8 Mb
Release : 2016-04-29
Category : Philosophy
ISBN : 9781137565587
The book recasts the concept of estrangement as `reason in an unreasonable form', traces its development in writings of Kant, Hegel, and Marx, supplies a game-theoretic reconstruction of it, and assesses its significance for a critical understanding of John Rawls's philosophy.
Author : Andrés Perea
Publisher : Cambridge University Press
Page : 581 pages
File Size : 47,5 Mb
Release : 2012-06-07
Category : Business & Economics
ISBN : 9781107008915
The first textbook to explain the principles of epistemic game theory.