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Professor Kenneth J. Arrow is one of the most distinguished economic theorists. He has played a major role in shaping the subject and is honoured by the publication of three volumes of essays on economic theory. Each volume deals with a different area of economic theory. The books include contributions by some of the best economic theorists from the United Stated, Japan, Israel and Europe. This third volume is entitled Uncertainty, Information, and Communication.
The third in a series of volumes published in honour of Professor Kenneth J. Arrow, each covering a different area of economic theory.
The third in a series of volumes published in honour of Professor Kenneth J. Arrow, each covering a different area of economic theory.
Professor Kenneth J. Arrow is one of the most distinguished economic theorists. He has played a major role in shaping the subject and is honoured by the publication of three volumes of essays on economic theory. Each volume deals with a different area of economic theory. The books include contributions by some of the best economic theorists from the United Stated, Japan, Israel and Europe. This third volume is entitled Uncertainty, Information, and Communication.
This second volume of economic theory is divided into sections on general equilibrium and on the microfoundations of macroeconomics.
The first of three volumes of essays in honour of the distinguished economic theorist Professor Kenneth J. Arrow.
Leading theorists offer insights on the role of uncertainty and information in the market.
Presents a unique and carefully researched introduction to the practical and theoretical concepts of information science and examines the impact of the Information Age on society and its institutions. Drawing on recent research into the field, as well as from scholarly and trade publications, the monograph provides a brief history of information science and coverage of key topics, including communications and cognition, information retrieval, bibliometrics, modeling, economics, information policies, and the impact of information technology on modern management. An essential volume for graduate students, practitioners, and any professional who needs a solid grounding in the field of information science.
This is the third volume in a new, definitive, six-volume edition of the works of Joseph Stiglitz, one of today's most distinguished and controversial economists. Stiglitz was awarded the Nobel Prize in Economics in 2001 for his work on asymmetric information and is widely acknowledged as one of the pioneers in the field of modern information economics and more generally for his contributions to microeconomics. Volume III contains a selection of Joseph E. Stiglitz's work on microeconomics. It questions well-established tenets, including many that are so fundamental they are almost taken for granted, covering basic concepts of risk and markets; the management of risk; the theory of the firm; the economics of organization; and theory of human behaviour. Stiglitz reflects on his work and the field more generally throughout the volume by including substantial original introductions to the Selected Works, the volume as a whole, and each part within the volume.
There have been systematic attempts over the last twenty-five years to explore the implications of decision making with incomplete information and to model an 'economic man' as an information-processing organism. These efforts are associated with the work of Roy Radner, who joins other analysts in this collection to offer accessible overviews of the existing literature on topics such as Walrasian equilibrium with incomplete markets, rational expectations equilibrium, learning, Markovian games, dynamic game-theoretic models of organization, and experimental work on mechanism selection. Some essays also take up relatively new themes related to bounded rationality, complexity of decisions, and economic survival. The collection overall introduces models that add to the toolbox of economists, expand the boundaries of economic analysis, and enrich our understanding of the inefficiencies and complexities of organizational design in the presence of uncertainty.