Differential information economies

One of the main problems in current economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Bayesian equilibrium of a dynamic, noncooperative game. The question arises whether it is possible to provide Walrasian type or cooperative equilibrium concepts which have these properties. This volume contains original contributions on noncooperative and cooperative equilibrium notions in economies with differential information and provides answers to the above questions. Moreover, issues ofstability, learning and continuity of alternative equilibria are also examined. TOC:Core Notions, Existence Results.- Core and Walrasian Expectations Equilibrium Equivalence.- Core and Incentive Compatibility.- Continuity and Stability.- Value Allocations and the Bargaining Set.- Implementation