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.- Die Theorie unvollständiger Verträge.- Auktionstheorie … sowie aktueller Forschungsfragen zur Theorie der Firma und der Auktionsökonomie erfolgt dabei durch Anwendung … möchten. TOC:Überblick über die Vertragstheorie.- Spieltheorie.- Moral Hazard.- Signalling und Screening.- Adverse Selection …
Persistent link: https://www.econbiz.de/10013515126
Traditional economics focuses on hypothetical markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith's famous concept of the invisible hand, which guides markets and renders regulation or interference largely...
Persistent link: https://www.econbiz.de/10014482480
's curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as …
Persistent link: https://www.econbiz.de/10014488729
Electricity is an essential commodity traded at power exchanges. Its price is very volatile within a day and over the year. This raises questions about the efficiency of the trading rules. The author develops a non-cooperative auction model analyzing the bidding behavior of producers at power...
Persistent link: https://www.econbiz.de/10013521093
Persistent link: https://www.econbiz.de/10003603972
Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm …. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on … differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly …
Persistent link: https://www.econbiz.de/10013285185
Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm …. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on … differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly …
Persistent link: https://www.econbiz.de/10011751998
Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium...
Persistent link: https://www.econbiz.de/10013520501
rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of … of game and decision theory …
Persistent link: https://www.econbiz.de/10014474112
Competitive Solutions is an entertaining and wideranging introduction to successful business methods applied to a variety of real-world situations. Rejecting the one-size-fits-all premise that underlies so many guides to business strategy, Preston McAfee develops the intellectual tools and...
Persistent link: https://www.econbiz.de/10014488094