This book gives the reader a unique survey of the most recent advances in economic theory.
Table of Contents
1. Behaviour under risk: recent developments in theory and applications Lawrence Epstein; 2. Financial contracting theory Milton Harris and Arthur Raviv; 3. Collusion and the theory of organisations Jean Tirole; Discussion of Harris/Raviv and Tirole Patrick Bolton; 4. The nature of incomplete security markets Darrell Duffle; 5. Incomplete financial markets and indeterminacy of competitive equilibrium David Cass; 6. Endogenous fluctuations Roger Guesnerie and Michael Woodford; 7. Equilibrium in competitive, infinite dimensional settings Larry E. Jones; Discussion of Jones Andreu Mas-Collel.
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