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- 160 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
Prices and Knowledge
Book details
Table of contents
Citations
About This Book
The growth of information economics has lead to a substantial re-consideration of the role of prices. Instead of the conventional neo-classical view of prices as straightforward indicators of scarcity, information economics emphasises that prices can be sources from which agents infer information and means by which they communicate. Prices and Knowledge analyses different theoretical approaches to the role of prices in situations of imperfect information. It shows that whilst the `informational efficiency' approach of Grossman and Stiglitz and the `bounded rationality theory' of Nelson and Simon are useful, neither goes far enough in considering situations of disequilibrium.
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Yes, you can access Prices and Knowledge by Esteban F. Thomsen in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.
Table of contents
- Cover Page
- Title Page
- Copyright Page
- Acknowledgments
- Chapter 1: Introduction
- Chapter 2: A theory of the market process
- Chapter 3: Equilibrium prices and information
- Chapter 4: 'Bounded rationality' and the price system
- Chapter 5: Change, responsiveness and Co-ordination
- Chapter 6: Conclusions
- Notes
- References