This study book by Sushil Bikhchandani focuses on the economic theories of uncertainty and information, with particular attention to game theory. The book provides an overview of recent developments and is suitable for students and professionals in economics, business administration, and public policy.
Contents
The economic theory of uncertainty and information has evolved significantly over the past decades. This book brings these topics together in an accessible and well-organized way. Part I covers the economics of uncertainty, while Part II focuses on the economics of information. This revised edition places extra emphasis on game theory. New topics include markets with posted prices, mechanism design, auctions with a common value, and the one-shot deviation principle for repeated games.
Specifications
- Author: Sushil Bikhchandani (University of California, Los Angeles)
- Publisher: Cambridge University Press
- Binding: Trade paperback (US)
- Publication date: 2013-08-19
- Number of pages: 505
- ISBN: 9780521541961
- Subject: Economic theory and philosophy
- BISAC: BUSINESS & ECONOMICS / Economics / Theory
About the author
Sushil Bikhchandani is a professor in the Economics program at the Anderson School of Management, University of California, Los Angeles. His expertise includes auctions, market institutions, group behavior, and information economics. He publishes in leading academic journals. Jack Hirshleifer (1925–2005) was an influential economist with important contributions to the theory of uncertainty and information, economic conflict analysis, and bioeconomics.