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nature and role of competition and other determinants of market structures, such as numbers of firms and barriers to entry … important field of economics that have led to notable changes in views on governmental competition policies. They focus on the …; other factors which determine the effective degree of competition in the market; the influence of major firms (especially …
Persistent link: https://www.econbiz.de/10005237362
I was born in Gary, Indiana, at the time, a major steel town on the southern shores of Lake Michigan, on February 9, 1943. Both of my parents were born within six miles of Gary, early in the century, and continued to live in the area until 1997. I sometimes thought that my perignations made up...
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Interviewers are Professor Karl-Gustaf Lofgren and Anne-Sophie Crepin, graduate student, Umea University.
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Nobel Prize lecture.
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We survey aspects of the intellectual development of the economics of information from the 1970s to today. We focus here on models where information is communicated indirectly through actions. Basic results, such as the failure of the fundamental theorems of welfare economics, the non-existence...
Persistent link: https://www.econbiz.de/10014468249
The paper surveys the recent work on economics of information with endogenous information structures where individuals can directly communicate information with each other. We consider the theoretical work on cheap talk, Bayesian persuasion, and information design, and review the implications of...
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