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Strategic Interaction and Markets

Jean J. Gabszewicz

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198233411
eISBN:
9780191596292
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198233418.001.0001
Subject:
Economics and Finance, Microeconomics

Perfect competition provides a model of a frictionless economy in which economic agents behave independently of each other, abandoning to the market the task of coordinating their individual ... More


About the Speaker: Towards a Syntax of Indexicality

Alessandra Giorgi

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199571895
eISBN:
9780191722073
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199571895.001.0001
Subject:
Linguistics, Semantics and Pragmatics, Syntax and Morphology

This book considers the syntax of the left periphery of clauses in relation to the extra‐sentential context. The prevailing point of view, in the literature in this field is that the external context ... More


 The Basic Structure of Repeated Games with Imperfect Public Monitoring

George J. Mailath and Larry Samuelson

in Repeated Games and Reputations: Long-Run Relationships

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195300796
eISBN:
9780199783700
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300796.003.0007
Subject:
Economics and Finance, Behavioural Economics

This chapter provides the basic technical tools for working with games of imperfect public monitoring, with games of perfect monitoring as a special case. It introduces the central notions of a ... More


 Applications

George J. Mailath and Larry Samuelson

in Repeated Games and Reputations: Long-Run Relationships

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195300796
eISBN:
9780199783700
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300796.003.0011
Subject:
Economics and Finance, Behavioural Economics

This chapter illustrates how the theory of repeated games with imperfect public monitoring can be used in economic applications. It examines collusion in oligopoly with imperfectly monitored demand, ... More


Nonmarket Institutions

Kaivan Munshi

in Understanding Poverty

Published in print:
2006
Published Online:
September 2006
ISBN:
9780195305197
eISBN:
9780199783519
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195305191.003.0026
Subject:
Economics and Finance, Development, Growth, and Environmental

The pervasiveness and persistence of nonmarket institutions in developing economies demand an explanation from economists. This essay describes what has been learned about these institutions: why ... More


A Formal Approach: Capital Market Failures

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

Underlying the failure of CML was an overly simple model that assumed efficient and complete markets. There are, however, problems with externalities and weak or absent insurance markets, especially ... More


The Imperfect Knowledge Imperative in Modern Macroeconomics and Finance Theory

Roman Frydman and Michael D. Goldberg

in Rethinking Expectations: The Way Forward for Macroeconomics

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691155234
eISBN:
9781400846450
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155234.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the imperfect knowledge imperative in modern macroeconomics and finance theory. It argues that the Rational Expectations Hypothesis (REH) has nothing to do with how even ... More


Self-Improvement: An Essay in Kantian Ethics

Robert N. Johnson

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199599349
eISBN:
9780191731556
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199599349.001.0001
Subject:
Philosophy, Moral Philosophy, History of Philosophy

Is there any moral obligation to improve oneself, to foster and develop various capacities in oneself? From a broadly Kantian point of view, Self-Improvement defends the view that there is such an ... More


Playing for Real: Game Theory

Ken Binmore

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.001.0001
Subject:
Economics and Finance, Microeconomics

This book provides an introduction to game theory that seeks to answer all three questions: what is game theory about? How do I apply game theory? Why is game theory right? The topics covered include ... More


Neo‐liberal Rights: A Wider Perspective

Raymond Plant

in The Neo-liberal State

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199281756
eISBN:
9780191713040
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199281756.003.0013
Subject:
Political Science, Comparative Politics, Political Theory

This chapter focuses on the critique of rights when they extend beyond protecting negative liberty as set out in Chapter 5. First of all, if the idea of negative liberty is defective, then so too is ... More


 Selling Dear

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0010
Subject:
Economics and Finance, Microeconomics

This chapter is an introduction to the theory of imperfectly competitive markets — a subject that was largely terra incognita before the advent of game theory. The models studied include those of ... More


 Getting Locked In

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0001
Subject:
Economics and Finance, Microeconomics

This chapter uses the Prisoner's Dilemma as the linking idea in an overview of many of the topics covered later in the book. The basic ideas are that of a dominated strategy and a Pareto-efficient ... More


The evolution and maintenance of Batesian mimicry

Graeme D. Ruxton, Thomas N. Sherratt, and Michael P. Speed

in Avoiding Attack: The Evolutionary Ecology of Crypsis, Warning Signals and Mimicry

Published in print:
2004
Published Online:
September 2007
ISBN:
9780198528609
eISBN:
9780191713392
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198528609.003.0011
Subject:
Biology, Animal Biology

If an undefended species (the mimic) were to adopt the same warning signal as a defended species (the model), then it might be able to gain protection from predators without investing in defence. ... More


Nigerian Arabic and Reconstruction of the Imperfect Verb

Jonathan Owens

in A Linguistic History of Arabic

Published in print:
2006
Published Online:
September 2007
ISBN:
9780199290826
eISBN:
9780191710469
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199290826.003.0006
Subject:
Linguistics, Historical Linguistics

This chapter continues the concentration on contemporary Arabic. Arabic dialects show considerable diversity in the tolerance of short, open syllables. Some allow them, some allow only low vowels in ... More


Contracts and Export Behavior

Pol Antràs

in Global Production: Firms, Contracts, and Trade Structure

Published in print:
2015
Published Online:
October 2017
ISBN:
9780691168272
eISBN:
9781400873746
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691168272.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter develops simple imperfect-contracting variants of the Melitz model of exporting and discusses empirical evidence suggestive of the role of these frictions as determinants of the ... More


Opening Models of Asset Prices and Risk to Nonroutine Change

Roman Frydman and Michael D. Goldberg

in Rethinking Expectations: The Way Forward for Macroeconomics

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691155234
eISBN:
9781400846450
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155234.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter considers an alternative approach to economic analysis, Imperfect Knowledge Economics (IKE), and introduces a model of asset prices and risk that has explicit mathematical ... More


Imperfect Knowledge, Asset Price Swings, and Structural Slumps: A Cointegrated Vector Autoregressive Analysis of Their Interdependence

Katarina Juselius

in Rethinking Expectations: The Way Forward for Macroeconomics

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691155234
eISBN:
9781400846450
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155234.003.0011
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the relationship between speculation in the currency markets and aggregate activity in the real economy by drawing on the Structural Slumps theory and the theory of Imperfect ... More


Multiple Equilibria in a Dynamic Two Country Model

Kazumichi Iwasa and Kazuo Nishimura

in Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198073970
eISBN:
9780199081615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198073970.003.0005
Subject:
Economics and Finance, Microeconomics

Some market distortional factors such as factor-generated externalities and imperfect competition can give rise to multiple equilibrium paths, or indeterminacy, in dynamic general equilibrium models. ... More


Preliminaries

Flavio M. Menezes and Paulo K. Monteiro

in An Introduction to Auction Theory

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275984
eISBN:
9780191602214
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019927598X.003.0002
Subject:
Economics and Finance, Microeconomics

This chapter presents the concept of a Bayesian Nash equilibrium as defined by Harsanyi (1967). His approach was to transform a game of incomplete information into one of imperfect information; any ... More


Information, Social Networks, and the Labour Market

John Knight and Lina Song

in Towards a Labour Market in China

Published in print:
2005
Published Online:
April 2005
ISBN:
9780199245277
eISBN:
9780191602207
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199245274.003.0009
Subject:
Economics and Finance, South and East Asia

This chapter examines the role of information and social network on the employment and pay of rural-urban migrants in the city of Handan, Hebei Province, China. It is shown that the general ... More


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