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Markets, Information and Uncertainty : Essays in Economic Theory in Honor of Kenneth J. Arrow - Graciela Chichilnisky

Markets, Information and Uncertainty

Essays in Economic Theory in Honor of Kenneth J. Arrow

By: Graciela Chichilnisky (Editor)

Hardcover

Published: 28th January 1999
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Markets, Information and Uncertainty is a collection of essays by leading theorists offering powerful new insights on the role of uncertainty and information in today's market. This book features Kenneth Arrow on information and the organization of industry, Roy Radner on new technologies, Graciela Chichilnisky and Frank Hahn on human-induced uncertainty, Geoffrey Heal and Walter Heller on the creation of new markets and Edmund Phelps on unemployment. It is an authoritative collection offering imaginative and fresh approaches to economic theory.

Introduction Graciela Chichilnisky
Information and the organization of industry
Existence and optimality of a general equilibrium with endogenous uncertainty
Catastrophe futures: financial markets and changing climate risks
Trade and welfare
Redistribution a representative democracy and distributive justice
The formulation of uncertainty: prices and states
A remark on incomplete market equilibrium
History as a widespread externality in some Arrow-Debreu market games
Price and market share dynamics in network industry
Equilibrium market formation causes missing markets
Market equilibrium with endogenous price uncertainty and options
Equilibrium in an economy with information goods
On the optimal schedule for introducing a new technology, when there is learning-by-doing
Moral hazard and independent income in a modern intertemporal-equilibrium model of involuntary unemployment and mandatory retirement
Exchange in a network of trading posts
On population externalities and the social rate of discount
Towards a general theory of social overhead capital
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521553551
ISBN-10: 0521553555
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 400
Published: 28th January 1999
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 2.54
Weight (kg): 0.75