This book provides a systematic presentation of new microeconomic theories of imperfect information. Each chapter explores a particular type of informational asymmetry and reviews major papers. Wherever possible the theories are compared with experimental evidence. An extensive bibliography is included.
This book provides a systematic presentation of new microeconomic theories of imperfect information. Each chapter explores a particular type of informational asymmetry and reviews major papers. Wherever possible the theories are compared with experimental evidence. An extensive bibliography is included.
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.
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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