Band 2
Advances in Mathematical Economics
Aus der Reihe
Advances in Mathematical Economics
-
- Hardcover
- Taschenbuch ausgewählt
- eBook
-
Sprache:Englisch
-
Verlag:Springer Tokyo
-
Auflage:Softcover reprint of the original 1st ed. 2000
- 2010 Fr. 137.00
- Softcover reprint of the original 1st ed. 2001 Fr. 137.00
- Softcover reprint of the original 1st ed. 2000 Fr. 137.00 ausgewählt
- Softcover reprint of the original 1st ed. 2004 Fr. 73.90
- Softcover reprint of the original 1st ed. 2003 Fr. 137.00
- Softcover reprint of hardcover 1st edition 2009 Fr. 191.00
Fr. 137.00
inkl. gesetzl. MwSt.,
Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
03.10.2013
Verlag
Springer TokyoSeitenzahl
164
Maße (L/B/H)
23.5/15.5/1 cm
Gewicht
271 g
Auflage
Softcover reprint of the original 1st ed. 2000
Sprache
Englisch
ISBN
978-4-431-65933-4
The role of asymmetric information in allocation of resources, together with the associated information-revelation process, has long been a central focus of economic research. While the bulk of the literature addresses these is sues within the framework of principal-agent relationship, which essentially reduces the problem to the sole principal's (the sole Stackelberg leader's) optimization problem subject to the agents' (the Stackelberg followers') re sponses, there are recent attempts to extend analysis to other economic setups characterized by different relationships among decision-makers. A notable strand of such attempts is the core analysis of incomplete in formation. Here, there is no Stackelberg-type relationship, and more impor tantly the players can talk to each other for coordinated choice of strategies. See, e.g., Wilson (1978) for a pioneering work; Yannelis (1991) for formula tion of feasibility of a strategy as its measurability; Ichiishi and Idzik (1996) for introduction of Bayesian incentive-compatibility to this strand; Ichiishi, Idzik and Zhao (1994) for information revelation (that is, endogenous deter mination of updated information structures); Ichiishi and Radner (1997) and Ichiishi and Sertel (1998) for studies of a specific model of Chandler's firm in multidivisional form for sharper results; and Vohra (1999) for a recent work. It is a common postulate in these works that every player takes part in design of a mechanism and also in execution of the signed contract.
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