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asymmetric information

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Journal Article
History of Political Economy (2008) 40 (1): 183–200.
Published: 01 March 2008
... the Talmud's differential valuation of the same asset by multiple claimants. Modern contingent claims analysis is able to explain differential valuation by invoking market imperfections such as transactions costs and asymmetric information. We conjecture that market imperfections lie behind the Talmud's...
Journal Article
History of Political Economy (2015) 47 (3): 511–534.
Published: 01 September 2015
...Sylvie Lupton This article highlights the contributions of early economic thought to quality uncertainty. Both Roman law regarding fraud and medieval thinkers (such as Vacarius, Thomas Aquinas, Henry of Ghent, and Astesanus of Asti) scrutinized asymmetric information and shared uncertainty...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 305–321.
Published: 01 December 2006
... Neoclassical Demand Theory. In From Interwar Pluralism to Postwar Neoclassicism , edited by Mary Morgan and Malcolm Rutherford. HOPE 30 ( supplement ): 260 -92. Morris, Stephen. 1994 . Trade with Asymmetric Information and Heterogeneous Priors. Econometrica 62.6 : 1327 -47. Morris, Stephen...
Journal Article
History of Political Economy (1997) 29 (1): 175–178.
Published: 01 March 1997
... part of the century: issues such as intertemporal equilibrium, property rights theory, asymmetric information, the importance of institutions, and coordination problems. In fact, Foss argues that the work of these Austrians was so pathbreaking that if they, rather than Keynes and Walras, had...
Journal Article
History of Political Economy (2012) 44 (3): 493–504.
Published: 01 September 2012
... of common-pool problems (mineral regulation), free-rider prob- lems (flood control), asymmetric information problems, education, (what is known in the United States as) antitrust, unionization of workers (coali- tions), and so forth (see Ekelund 1967 and Ekelund and Hébert 1999, 306–38...
Journal Article
History of Political Economy (1997) 29 (4): 639–673.
Published: 01 November 1997
.... Schumpeter , Joseph Alois . 1996 . Il Trattato della moneta: capitoli inediti . Edited by L. Berti and M. Messori. Naples: ESI. Sharpe , Steven A. 1990 . Asymmetric Information, Bank Lending and Implicit Contracts: A Stylized Model of a Customer Relationship. Journal of Finance 45 . 4 : 1069...
Journal Article
History of Political Economy (2010) 42 (4): 631–652.
Published: 01 November 2010
... of traditional neoclassical production theory. George Akerlof showed that asymmetric information can destroy markets. Joseph Stiglitz and others showed how imperfect information was not just a critical brick that could be thrown through the neoclassical window: it could be analyzed in rigor- ous models...
Journal Article
History of Political Economy (1991) 23 (4): 687–712.
Published: 01 November 1991
... such as asymmetric information, moral hazard, and adverse selection to demon- strate why wages do not change even if there is an excess supply of labor. He shows, for example, that if firms are imperfectly informed about the quality of (potential) employees, whereas (potential) employees are informed...
Journal Article
History of Political Economy (2013) 45 (suppl_1): 279–311.
Published: 01 December 2013
... dilemma. References Armantier, Olivier, Charles Holt, and Charles Plott. 2011. “A Procurement Auction for Toxic Assets with Asymmetric Information.” CalTech Social Science Work- ing Paper 1330R. Ausubel, Lawrence, and Peter Cramton. 2008a. “Auction Design Critical for Res - cue Plan...
Journal Article
History of Political Economy (2006) 38 (3): 555–556.
Published: 01 September 2006
... modeling of general equilibrium systems as Montes seems to. From behavioral and experimental economics to asymmetric information and the economic analysis of law and institutions, there is much exciting work being done in the contemporary profession that does not fi t into the axiomatic, mathemati...
Journal Article
History of Political Economy (2006) 38 (3): 557–559.
Published: 01 September 2006
... modeling of general equilibrium systems as Montes seems to. From behavioral and experimental economics to asymmetric information and the economic analysis of law and institutions, there is much exciting work being done in the contemporary profession that does not fi t into the axiomatic, mathemati...
Journal Article
History of Political Economy (2006) 38 (3): 559–561.
Published: 01 September 2006
... modeling of general equilibrium systems as Montes seems to. From behavioral and experimental economics to asymmetric information and the economic analysis of law and institutions, there is much exciting work being done in the contemporary profession that does not fi t into the axiomatic, mathemati...
Journal Article
History of Political Economy (2006) 38 (3): 561–562.
Published: 01 September 2006
... here. Second, I do not consider the modern economics profession to be as monolithically commit- ted to deductive, axiomatic modeling of general equilibrium systems as Montes seems to. From behavioral and experimental economics to asymmetric information and the economic analysis of law...
Journal Article
History of Political Economy (2006) 38 (3): 562–565.
Published: 01 September 2006
... here. Second, I do not consider the modern economics profession to be as monolithically commit- ted to deductive, axiomatic modeling of general equilibrium systems as Montes seems to. From behavioral and experimental economics to asymmetric information and the economic analysis of law...
Journal Article
History of Political Economy (2006) 38 (3): 565–567.
Published: 01 September 2006
... modeling of general equilibrium systems as Montes seems to. From behavioral and experimental economics to asymmetric information and the economic analysis of law and institutions, there is much exciting work being done in the contemporary profession that does not fi t into the axiomatic, mathemati...
Journal Article
History of Political Economy (1992) 24 (Supplement): 241–282.
Published: 01 December 1992
... The SF experiments with complete-incomplete information consti- tuted the first experimental examination of asymmetric information theory. Specifically they tested the Schelling ( 1957) hypothesis accord- ing to which the bargainer with less information may have an advantage over an adversary...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 337–350.
Published: 01 December 2014
... during the 1980s to replace Samuelson—many times—and the other retirees from the postwar cohort that built our department, but we had gotten out of the habit of hiring fresh PhDs. It was a problem of asymmetric information. We were happy to hire older scholars, but we seemed to need more...
Journal Article
History of Political Economy (2007) 39 (3): 554–555.
Published: 01 September 2007
... that “the dominant tradition contains a rich set of tools for the analysis of specifi c phenomena, and continues to generate attractive ideas (including asymmetric information, strategic interdependence, transaction costs); but it is hard to see why such instruments and ideas could not be utilized, mutatis...
Journal Article
History of Political Economy (2007) 39 (3): 560–561.
Published: 01 September 2007
... that “the dominant tradition contains a rich set of tools for the analysis of specifi c phenomena, and continues to generate attractive ideas (including asymmetric information, strategic interdependence, transaction costs); but it is hard to see why such instruments and ideas could not be utilized, mutatis...
Journal Article
History of Political Economy (2007) 39 (3): 562–565.
Published: 01 September 2007
... a rich set of tools for the analysis of specifi c phenomena, and continues to generate attractive ideas (including asymmetric information, strategic interdependence, transaction costs); but it is hard to see why such instruments and ideas could not be utilized, mutatis mutandis, in the context...