Essays in Honor of Kenneth J. Arrow: Volume 3, Uncertainty, Information, and Communication

The third in a series of volumes published in honour of Professor Kenneth J. Arrow, each covering a different area of economic theory.

Walter P. Heller (Edited by), Ross M. Starr (Edited by), David A. Starrett (Edited by)

9780521063869, Cambridge University Press

Paperback / softback, published 5 June 2008

304 pages, 9 b/w illus. 3 tables
22.9 x 15.1 x 1.8 cm, 0.448 kg

Professor Kenneth J. Arrow is one of the most distinguished economic theorists. He has played a major role in shaping the subject and is honoured by the publication of three volumes of essays on economic theory. Each volume deals with a different area of economic theory. The books include contributions by some of the best economic theorists from the United Stated, Japan, Israel and Europe. This third volume is entitled Uncertainty, Information, and Communication.

Part I. Uncertainty: 1. Negotiation in games: a theoretical overview Roger B. Myerson
2. Repeated moral hazard with low discount rates Roy Radner
3. Existence, regularity, and constrained suboptimality of competitive allocations when the asset market is incomplete John D. Geanakoplos and Heraklis M. Polemarchakis
4. Asset pricing theories Michael Rothschild
5. Independence versus dominance in personal probability axioms Thomas Marschak
6. Univariate and multivariate comparisons of risk aversion: a new approach Menahem E. Yaari
Part II. Information, Communication and Organisation: 7. The cost of communication in economic organisation: II Hajime Oniki
8. Assembling efficient organisations? W. M. Gorman
9. Optimal Bayesian mechanisms Eric S. Maskin
10. Incentive theory with data compression Jerry R. Green and Jean-Jacques Laffont
11. Alternative limited communication systems: centralisation versus interchange of information Jerry R. Green and Jean-Jacques Laffont.

Subject Areas: Economic theory & philosophy [KCA]