Advances in Mathematical Economics

Softcover Nachdruck of the original 1. Auflage 2000
ISBN: 978-4-431-65933-4
Verlag: Springer Japan

Buch, Englisch, Band 2, 164 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 271 g

Reihe: Advances in Mathematical Economics

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.

Zielgruppe

Research

Autoren/Hrsg.

Maruyama, Toru

Kusuoka, Shigeo

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Mathematik | Informatik Mathematik Numerik und Wissenschaftliches Rechnen Angewandte Mathematik, Mathematische Modelle
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines

Inhaltsverzeichnis

Research Articles.- Turnpike theorems for positive multivalued stochastic operators.- Functional differential inclusion on closed sets in Banach spaces.- Job matching: a multi-principal, multi-agent model.- Term structure and SPDE.- Fixed point theorems and the existence of economic equilibria based on conditions for local directions of mappings.- Efficiency of stochastic transfers in a directed graph.- Allocations of labour resources on trajectories for the model with discrete innovations.