Allocation, Information and Markets

✍ Scribed by John Eatwell, Murray Milgate, Peter Newman (eds.)

• Publisher: Palgrave Macmillan UK
• Year: 1989
• Tongue: English
• Leaves: 321
• Series: The New Palgrave
• Edition: 1
• Category: Library

✦ Synopsis

This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.

✦ Table of Contents

Front Matter....Pages i-xii
Efficient Allocation....Pages 1-30
Adverse Selection....Pages 31-34
Asymmetric Information....Pages 35-38
Auctions....Pages 39-53
Bidding....Pages 54-63
The Coase Theorem....Pages 64-70
Decentralization....Pages 71-76
Economic Organization and Transaction Costs....Pages 77-82
Exchange....Pages 83-93
Experimental Methods in Economics....Pages 94-111
Externalities....Pages 112-116
Fraud....Pages 117-119
Hidden Actions, Moral Hazard and Contract Theory....Pages 120-131
Implicit Contracts....Pages 132-140
Incentive Compatibility....Pages 141-151
Incentive Contracts....Pages 152-162
Incomplete Contracts....Pages 163-179
Incomplete Markets....Pages 180-184
Market Failure....Pages 185-190
Mechanism Design....Pages 191-206
Moral Hazard....Pages 207-213
Natural Selection and Evolution....Pages 214-222
Organization Theory....Pages 223-230
Perfectly and Imperfectly Competitive Markets....Pages 231-240
Principal and Agent....Pages 241-253
Public Goods....Pages 254-266
Revelation of Preferences....Pages 267-270
Search Theory....Pages 271-286
Signalling....Pages 287-294
Teams....Pages 295-304
Back Matter....Pages 305-310

✦ Subjects

Microeconomics; Economic Theory/Quantitative Economics/Mathematical Methods; Science, general