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Author : Jongwoo Park
Release : 2011
Genre : Competition
Kind : eBook
Book Rating : 514/5 ( reviews)
Book Synopsis Three Essays on Competition Under Uncertainty by : Jongwoo Park
Download or read book Three Essays on Competition Under Uncertainty written by Jongwoo Park. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Release : 1831
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Ledetraad ved Forelæsningerne over Chemie ved den kongelige militaire Høiskole by :
Download or read book Ledetraad ved Forelæsningerne over Chemie ved den kongelige militaire Høiskole written by . This book was released on 1831. Available in PDF, EPUB and Kindle. Book excerpt:
Author : TERRENCE MATTHEW BELTON
Release : 1983
Genre :
Kind : eBook
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Book Synopsis ENTRY AND ENTRY DETERRENCE UNDER UNCERTAINTY: THREE ESSAYS ON FIRM BEHAVIOR UNDER ASYMMETRIC INFORMATION. by : TERRENCE MATTHEW BELTON
Download or read book ENTRY AND ENTRY DETERRENCE UNDER UNCERTAINTY: THREE ESSAYS ON FIRM BEHAVIOR UNDER ASYMMETRIC INFORMATION. written by TERRENCE MATTHEW BELTON. This book was released on 1983. Available in PDF, EPUB and Kindle. Book excerpt: static results including the shape of the industry supply curve and the impact of increasing risk on long run competitive equilibrium.
Author :
Release : 1987
Genre : Barriers to entry (Industrial organization)
Kind : eBook
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Book Synopsis Entry and Entry Deterrence Under Uncertainty by :
Download or read book Entry and Entry Deterrence Under Uncertainty written by . This book was released on 1987. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jean-Jacques Laffont
Release : 1980
Genre : Business & Economics
Kind : eBook
Book Rating : 554/5 ( reviews)
Book Synopsis Essays in the Economics of Uncertainty by : Jean-Jacques Laffont
Download or read book Essays in the Economics of Uncertainty written by Jean-Jacques Laffont. This book was released on 1980. Available in PDF, EPUB and Kindle. Book excerpt: These three elegant essays develop principles central to the understanding of the diverse ways in which imperfect information affects the distribution of resources, incentives, and the evaluation of economic policy. The first concerns the special role that information plays in the allocation process when it is possible to improve accuracy through private investment. The common practice of hiring "experts" whose information is presumably much better than their clients' is analyzed. Issues of cooperative behavior when potential group members possess diverse pieces of information are addressed. Emphasis is placed on the adaptation of the "core" concept from game theory to the resource allocation model with differential information. The second essay deals with the extent to which agents can influence the random events they face. This is known as moral hazard, and in its presence there is a potential inefficiency in the economic system. Two special models are studied: the role of moral hazard in a monetary economy, and the role of an outside adjudicatory agency that has the power to enforce fines and compensation. The final essay discusses the problem of certainty equivalence in economic policy. Conditions under which a full stochastic optimization can be calculated by solving a related, much simpler "certainty equivalence" problem are developed. The reduction in the complexity of calculation involved is very great compared with the potential loss of efficiency.
