The Economics of Imperfect Information

The Economics of Imperfect Information

by Louis Phlips
Pub. Date:
Cambridge University Press


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The Economics of Imperfect Information

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

ISBN-13: 9780521313810
Publisher: Cambridge University Press
Publication date: 07/28/2010
Edition description: New Edition
Pages: 281
Product dimensions: 5.98(w) x 8.98(h) x 0.67(d)

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.

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