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Organizations with incomplete information: essays in economic analysis: a tribute to Roy Radner
Authors: ---
ISBN: 0521553008 0521084660 0511551843 0511821123 9780521553001 9780511551840 9780521084666 Year: 1998 Publisher: Cambridge Cambridge University Press

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Abstract

There have been systematic attempts over the last twenty-five years to explore the implications of decision making with incomplete information and to model an 'economic man' as an information-processing organism. These efforts are associated with the work of Roy Radner, who joins other analysts in this collection to offer accessible overviews of the existing literature on topics such as Walrasian equilibrium with incomplete markets, rational expectations equilibrium, learning, Markovian games, dynamic game-theoretic models of organization, and experimental work on mechanism selection. Some essays also take up relatively new themes related to bounded rationality, complexity of decisions, and economic survival. The collection overall introduces models that add to the toolbox of economists, expand the boundaries of economic analysis, and enrich our understanding of the inefficiencies and complexities of organizational design in the presence of uncertainty.


Book
Barriers to entry: a corporate-strategy perspective
Author:
ISBN: 0669052256 9780669052251 Year: 1982 Publisher: Lexington, Mass. Heath


Book
Economic theory of teams
Authors: ---
ISBN: 0300012799 9780300012798 Year: 1972 Volume: 22 Publisher: New Haven (Conn.): Yale university


Book
Economic information, decision, and prediction : selected essays
Author:
ISBN: 9027705240 9789027705242 Year: 1974 Volume: 7 Publisher: Dordrecht Reidel

Design models for hierarchical organizations : computation, information, and decentralization.
Authors: ---
ISBN: 079239609X 1461359643 1461522854 9780792396093 Year: 1995 Publisher: Boston Kluwer


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Rank in organizations
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ISBN: 3540090886 3642953360 9783540090885 Year: 1978 Volume: 161 Publisher: Berlin Springer

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Abstract

Economic theory is growing not only in depth but in the breadth of its application as well. This study encroaches in part on a field normally considered as the domain of Sociology. But the methods applied here are those of mathematical economics. It has not been my ambition to make this as general and as mathe­ matically demanding as possible. On the contrary, I wanted to present as simple an argument as possible throughout. I wish to thank Brown University for granting me a Sabbatical leave in the Fall of 1977-78 in the course of which I wrote the first draft of this monograph. I am also grateful to the late Professor Jacob Marschak and to Professor Arthur Geoffrion for sponsoring me as a Visiting Scholar of the Western Management Science Institute, Graduate School of Management, UCLA for the months of November and December 1977. The Western Management Science Institute proved to be an ideal environment for writing: protective and stimulating at the same time. I have benefitted specifically from comments received as a result of presenting Chapters IV and V in the Marschak Colloquium on December 2, 1977, in particular by Professors Intri11igator and Spiro. My greatest indebtedness is to Jacob Marschak to whom I owe my awareness of and interest in the economic theory of organizations. He was my teacher, my director and supervisor, and my fatherly friend since 1950. It is thus entirely fitting that this work should be dedicated to his memory.

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