Organizations with incomplete information : essays in economic analysis : a tribute to Roy Radner

Resource Information

The work Organizations with incomplete information : essays in economic analysis : a tribute to Roy Radner represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.

Label

Organizations with incomplete information : essays in economic analysis : a tribute to Roy Radner

Title remainder

essays in economic analysis : a tribute to Roy Radner

Statement of responsibility

edited by Mukul Majumdar

Contributor

• Radner, Roy, 1927-
• Majumdar, Mukul, 1944-

Editor

• Majumdar, Mukul, 1944-
• Radner, Roy, 1927-

Subject

• Decision making -- Mathematical models
• Organization -- Mathematical models
• Uncertainty -- Mathematical models

Language

eng

Summary

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.--

Assigning source

Provided by publisher

Cataloging source

UkCbUP

Index

index present

Literary form

non fiction

Nature of contents

dictionaries

Series statement

Cambridge Social Sciences eBooks