Economic Dynamics and Information
This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the correspon...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
2006, 2006
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| Edition: | 1st ed. 2006 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
Table of Contents:
- Rational Expectations of Efficiency and Incentive Schemes
- Dynamic Adjustment Processes and the Effect of the Economic System
- Optimal Incentive Schemes with a Measure Space and Decision
- Dynamics and Information
- Life Cycle and Risk-Sharing of Information Under Restriction
- Risk Choices, Heterogeneous Beliefs and Prediction Strategies in Allocation
- Design, Knowledge and Stabilization of Economy
- Decision Process, Assets and Information
- Endowments, Money, Debt and Risky Choice of Decision
- Market Mechanisms, Portfolios and Uncertainty of Decisions
- Stability of Markets, Uncertainty, and Strategic Behavior
- Market Making, Information, Beliefs, and Chaos
- Volatility, Information, and Return Distribution
- Shocks, Uncertainty, and Preferences Over Information
- Externalities, Market Information and Contracts
- Cycles, Chaos, Stabilization and Technological Innovation
- Information Cascades, Expectations, and Risky Choices
- Conclusion