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Author : Chuen Hwa Leon
Publisher :
ISBN 13 :
Total Pages : 254 pages
Book Rating : 4.:/5 (34 download)
Download or read book Essays on the Impact of Incomplete Information written by Chuen Hwa Leon and published by . This book was released on 2004 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jungwook Kim (Economist)
Publisher :
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4.:/5 (89 download)
Download or read book Essays on Competitive Behavior in Games of Incomplete Information written by Jungwook Kim (Economist) and published by . This book was released on 2007 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Salvatore Piccolo
Publisher :
ISBN 13 :
Total Pages : 225 pages
Book Rating : 4.:/5 (71 download)
Download or read book Essays on Industrial Organization and Economics of Information written by Salvatore Piccolo and published by . This book was released on 2006 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: In my dissertation, I study equilibrium and optimal contracting between parties in relationships with asymmetric information. The welfare and private properties of incomplete contracting are analyzed both in imperfectly and perfectly competitive markets. The first essay analyzes the welfare effects of incomplete contracting in a principal-agent set-up. I study Resale Price Maintenance, a complete contract, and quantity fixing, an incomplete one, in a successive monopolies framework with information asymmetries. Both contracts entail a double marginalization driven by information rents distributed to the retailer. When firms behave non-cooperatively, the principal imposes retail price restrictions, and the impact of complete contracting on consumers' surplus is ambiguous. When, firms maximize ex ante joint profits, policy recommendations are unambiguous: if the preferred contracting mode from an ex ante viewpoint entails retail price restrictions, it also raises consumers' surplus, thereby producing a Pareto improvement relative to incomplete contracts. The second essay examines the welfare effects of contracting incompleteness when agents' preferences and productivity depend on their health status, and occupational choices affect individual health distributions. Efficiency requires agents of the same type to obtain different expected utilities if assigned to different occupations. Workers with riskier jobs get higher (lower) expected utilities if health affects production (consumption) capabilities. Competitive equilibria are first-best if complete contracts are enforceable, but typically not if only incomplete ones are traded. Compensating wage differentials are incompatible with ex-ante efficiency. The third essay provides a rationale for contracting incompleteness in a competing organizations set-up. I show that principals dealing with competing agents may leave contracts silent on some verifiable performance measures when certain aspects of agents' activity are noncontractible. Two effects are at play once one moves from a complete to an incomplete contract. First, reducing the number of screening instruments has a detrimental effect on principals' profits as it makes information revelation more costly. Second, it may create strategic value by forcing competing organizations to behave in a more friendly manner at the competitive stage.
Author : Jennifer Lynn Steele
Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.:/5 (182 download)
Download or read book Essays on Incomplete Information in Economic Development written by Jennifer Lynn Steele and published by . This book was released on 2007 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis studies the effects of incomplete information on economic development. Relaxing the assumption that information is complete allows for corruption to occur, even in equilibrium, and for poverty traps to develop. The first paper looks at how the lack of enforcement mechanisms affects contracts, and how a more efficient contracting mechanism can be developed in aid settings. I find that as the level of corruption increases, the contract will encompass more stages. In the second paper, the agent's level of corruption is unknown, and the principal may screen agents by including corruption with positive probability. This would account for the corruption seen in development projects as an equilibrium effect. The third paper looks at the effect of uncertainty about foreign productivity on a firm's foreign direct investment (FDI) decision. Dependent on the form of the information, this may result in either an underinvestment of FDI, or no FDI at all.
Author : Kenneth Joseph Arrow
Publisher : Cambridge University Press
ISBN 13 : 9780521304559
Total Pages : 348 pages
Book Rating : 4.3/5 (45 download)
Download or read book Essays in Honor of Kenneth J. Arrow: Volume 2, Equilibrium Analysis written by Kenneth Joseph Arrow and published by Cambridge University Press. This book was released on 1986-07-25 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume of economic theory is divided into sections on general equilibrium and on the microfoundations of macroeconomics.
Author : Giovanni Maggi
Publisher :
ISBN 13 :
Total Pages : 162 pages
Book Rating : 4.:/5 (318 download)
Download or read book Essays on Trade Policy and International Institutions Under Incomplete Information written by Giovanni Maggi and published by . This book was released on 1994 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Man Xie
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)
Download or read book Essays on Information and Consumer Decisions written by Man Xie and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumers make decisions under incomplete information. In addition to the generic information availability and accessibility, how firms selectively provide information and how consumers collect information all influence consumer decisions, including product choice, purchase, and reselling. In Essay One, we study the impacts of firms providing information on product list prices on online consumer purchases. Our examination of Amazon data finds that (1) displaying list price in information-rich online markets has no impact on sales when used as a standalone marketing strategy, but can positively or negatively influence sales if implemented concurrently when the price decreases; (2) the direction of that influence depends on user-generated information; and (3) list price interacts with price promotion via both price sensitivity and demand shift. Specifically, when a product with favorable consumer reviews lowers its price, simultaneously displaying list price boosts the effectiveness of price promotion by (i) shifting demand upwards and (ii) increasing price sensitivity. However, when a product with unfavorable reviews lowers its price, simultaneously displaying list price shifts demand downwards, which decreases sales or even destroys the sales gain that price promotion would have generated without list price. In Essay Two, we study the impacts of imperfect information from the initial choice set and post-purchase consumption on consumers' reselling price decisions in C2C (consumer to consumer) markets. We model C2C markets and show they significantly differ from traditional B2C (business to consumer) markets. For example, consumers (as buyers) tend to buy products with overlooked weaknesses rather than overlooked strengths, resulting in over-optimistic choices and post-choice remorse (i.e., "buyer's remorse"). Surprisingly, both increase with a more exhaustive choice search. Moreover, even without buyer's remorse, imperfect information alone causes consumers' valuations (as owners) and asking prices (as resellers) to decrease with the duration of ownership as residual uncertainty decreases. Hence, unlike traditional B2C selling, we find that C2C reselling asking prices depend on reseller expected utility from prolonged consumption, the original consideration set size, the duration of ownership, and residual uncertainty. Our empirical analyses provide evidence from both experimental data and aggregate real estate data.
Author : Dan Collins
Publisher : Taylor & Francis
ISBN 13 : 1040042384
Total Pages : 287 pages
Book Rating : 4.0/5 (4 download)
Download or read book Critical Essays on the Drive written by Dan Collins and published by Taylor & Francis. This book was released on 2024-06-28 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thorough text provides a complete overview of the drive in Lacanian psychoanalysis. Divided into four key areas, the book considers clinical, theoretical, historical, and cultural aspects of the drive, with editorial headnotes throughout. The introduction to the collection provides a comprehensive overview of the theory and history of the drive as a concept and is followed by discussion of clinical cases. Critical Essays on the Drive then assesses theoretical aspects, with chapters by world-leading Lacanian scholars. The final parts of the book explore the history of drive theory and its impact on art and culture, debunking the notion that the drive is a dormant or defunct concept and considering its applications by artists, academics, and cultural theorists. Critical Essays on the Drive will be essential reading for psychoanalysts, psychologists, psychotherapists, and psychiatrists in practice and in training. It will also be of great interest to academics and scholars of psychoanalytic and Lacanian theory, critical theory, and cultural theory.
Author : Matthew Bowen Krepps
Publisher :
ISBN 13 :
Total Pages : 346 pages
Book Rating : 4.:/5 (489 download)
Download or read book Essays on the Strategic Implications of Imperfect Information written by Matthew Bowen Krepps and published by . This book was released on 1996 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 688 pages
Book Rating : 4.F/5 ( download)
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2008 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nimrod Megiddo
Publisher : Springer Science & Business Media
ISBN 13 : 1461226481
Total Pages : 209 pages
Book Rating : 4.4/5 (612 download)
Download or read book Essays in Game Theory written by Nimrod Megiddo and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a collection of papers on game theory dedicated to Michael Maschler. Through his dedication and contributions to game theory, Maschler has become an important figure particularly in the area of cooperative games. Game theory has since become an important subject in operations research, economics and management science. As befits such a volume, the main themes covered are cooperative games, coalitions, repeated games, and a cost allocation games. All the contributions are authoritative surveys of a particular topic, so together they will present an invaluable overview of the field to all those working on game theory problems.
Author : Rudolf Richter
Publisher : Springer
ISBN 13 : 3319141546
Total Pages : 217 pages
Book Rating : 4.3/5 (191 download)
Download or read book Essays on New Institutional Economics written by Rudolf Richter and published by Springer. This book was released on 2015-04-29 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays comprises some of Rudolf Richter’s important contributions to research on New Institutional Economics (NIE). It deals with the central idea, principles, and methodology of New Institutional Economics and explores its relation to sociology and law. Other chapters examine applications of NIE to various microeconomic and macroeconomic issues in the face of uncertainty, from entrepreneurship to the euro crisis.
Author : Katrin Eleonora Millock
Publisher :
ISBN 13 :
Total Pages : 294 pages
Book Rating : 4.:/5 (34 download)
Download or read book Monitoring and Enforcement Under Incomplete Information written by Katrin Eleonora Millock and published by . This book was released on 1998 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Frédéric Bastiat
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.0/5 (18 download)
Download or read book Essays on Political Economy written by Frédéric Bastiat and published by . This book was released on 1853 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Niloy Bose
Publisher :
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.:/5 (344 download)
Download or read book Essays on Imperfect Information and Economic Growth written by Niloy Bose and published by . This book was released on 1995 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Antoine Laurent Lavoisier
Publisher :
ISBN 13 :
Total Pages : 202 pages
Book Rating : 4.F/5 ( download)
Download or read book Essays on the Effects Produced by Various Processes on Atmospheric Air written by Antoine Laurent Lavoisier and published by . This book was released on 1783 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hengjie Ai
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (319 download)
Download or read book Essays on Risk, Information and the Asset Market written by Hengjie Ai and published by . This book was released on 2006 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
