The Economics of Imperfect Informationby Louis Phlips
Pub. Date: 02/24/1989
Publisher: Cambridge University Press
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.
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Table of ContentsList 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.
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