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Differential Information Economies

Differential Information Economies
by Dionysius Glycopantis, Nicholas C. Yannelis

Publisher: Springer 2004
ISBN/ASIN: 3540214240
ISBN-13: 9783540214243
Number of pages: 672

Description:
One of the problems in economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Bayesian equilibrium of a dynamic, noncooperative game. The question arises whether it is possible to provide Walrasian type or cooperative equilibrium concepts which have these properties. This book contains original contributions on noncooperative and cooperative equilibrium notions in economies with differential information and provides answers to the above questions. Issues of stability, learning and continuity of alternative equilibria are also examined.

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