Essays On Economic Theory In Asymmetric Information
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Essays On Economic Theory In Asymmetric Information
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Author :
language : fr
Publisher:
Release Date : 2002
Essays On Economic Theory In Asymmetric Information written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Essays On Economic Theory In Asymmetric Information
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Author : Naoki Kojima
language : en
Publisher:
Release Date : 2001
Essays On Economic Theory In Asymmetric Information written by Naoki Kojima and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
This thesis deals with three different subject matters from the aspect of asymmetric information, especially adverse selection : relationship banking in the framework of competition amongst banks ; initial public offering ( conflicts of interests between the issuer, the underwriter and investors ; mechanism of optimal pricing by a monopolistic seller in the presence of budget constraints on the part of buyers and proposition of new approach to this bi-dimensional asymmetric information problem.
Essays On Two Player Games With Asymmetric Information
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Author : Lan Sun
language : en
Publisher:
Release Date : 2016
Essays On Two Player Games With Asymmetric Information written by Lan Sun and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Essays In The Economics Of Asymmetric Information
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Author : Fredrik Andersson
language : en
Publisher:
Release Date : 1995
Essays In The Economics Of Asymmetric Information written by Fredrik Andersson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Information theory in economics categories.
Incentive Contracts With Strategic Agents
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Author : Jacques Paul Lawarrée
language : en
Publisher:
Release Date : 1990
Incentive Contracts With Strategic Agents written by Jacques Paul Lawarrée and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with categories.
Essays On The Economics Of Information
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Author : Matthew Robertson
language : en
Publisher:
Release Date : 2018
Essays On The Economics Of Information written by Matthew Robertson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
In three distinct, yet interrelated, essays I examine the effects of asymmetric information and imperfect information on economic decision makers' incentives and behaviour. To do so I employ, and modify, the methodology of Bayesian games.In chapter one, I analyse an unconventional contest inspired by the real world.In this contest, players are ranked by a scoring rule based on both their realised performance and how close this performance is to a target set before the contest,which is private information. I elucidate and analyse the incentive properties of these rules then characterise the equilibrium behaviour of the players.In chapter two, I integrate aspects from adverse selection and moral hazard models to provide a unied theory of securitisation under asymmetric information.I show that introducing skin in the game increases signalling costs for originators who performed sufficient due-diligence yet still improves incentives by making high effort relatively more likely. I relax the conventional assumption of risk neutrality and show that risk-sharing concerns are sufficient for the aforementioned qualitative properties of equilibrium to hold. Finally, I demonstrate that, depending on the severity of the originator's preference for liquidity or need to share risk, each setting may be more conducive for signalling.In chapter three, I propose a simple and intuitive way to transform canonical signalling games with exogenous types into games in which the informed agent endogenously generates her private information through an unobservable costly effort decision. I provide portable results on the differentiability of action functions and existence of equilibrium. I then apply these results to classic models of security design and the job market to demonstrate the practical usefulness of endogenous effort. In particular, my approach in these applications lends theoretical support to stylised facts that cannot be derived from the standard signalling framework.
Essays On The Economics Of Asymmetric Information
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Author : Russell Wade Cooper
language : en
Publisher:
Release Date : 1982
Essays On The Economics Of Asymmetric Information written by Russell Wade Cooper and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with categories.
Markets Information And Uncertainty
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Author : Professor of Economics Graciela Chichilnisky
language : en
Publisher: Cambridge University Press
Release Date : 1999-01-28
Markets Information And Uncertainty written by Professor of Economics Graciela Chichilnisky and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-28 with Business & Economics categories.
Leading theorists offer insights on the role of uncertainty and information in the market.
An Economic Theorist S Book Of Tales
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Author : George A. Akerlof
language : en
Publisher: Cambridge University Press
Release Date : 1984-10-26
An Economic Theorist S Book Of Tales written by George A. Akerlof and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984-10-26 with Business & Economics categories.
These essays explore what happens when a skilful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. Similarly, these assumptions have acquired an autonomous character: they guide the way economists think about the world. In consequence, consideration of alternative assumptions has become taboo. These essays are substantively and stylistically novel because they break these taboos and bring new assumptions into economic theory. The papers apply this adventurous approach to a wide range of issues - from insurance markets and trade in underdeveloped countries to unemployment and discrimination. Some of the essays derive the implications for economic markets of costly asymmetric information. Others explore the findings of other social sciences such as anthropology, psychology and sociology.
The Flawed Foundations Of General Equilibrium Theory
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Author : Frank Ackerman
language : en
Publisher: Routledge
Release Date : 2004-06-24
The Flawed Foundations Of General Equilibrium Theory written by Frank Ackerman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-06-24 with Business & Economics categories.
This book, as the title suggests, explains how General equilibrium, the dominant conceptual framework in mainstream economics, describes a perfectly impossible world. Even with its counterfactual assumptions taken for granted, it fails on many levels. Under the impressive editorship of Ackerman and Nadal, this book will appeal to students and researchers in economics and related social science disciplines.