Advances in Economic Theory [Paperback]

At the Fourth World Congress of the Econometric Society, a number of Symposia were held at which invited papers were given.At the Fourth World Congress of the Econometric Society, a number of Symposia were held at which invited papers were given. The purpose of these Symposia was to survey as completely as possible those areas in Economic Theory and Econometrics where important research had come to light during the last few years. This volume includes papers delivered at the Congress.At the Fourth World Congress of the Econometric Society, a number of Symposia were held at which invited papers were given. The purpose of these Symposia was to survey as completely as possible those areas in Economic Theory and Econometrics where important research had come to light during the last few years. This volume includes papers delivered at the Congress.At the Fourth World Congress of the Econometric Society, a number of Symposia were held at which invited papers were given. The purpose of these Symposia was to survey as completely as possible those areas in Economic Theory and Econometrics where important research had come to light during the last few years. This volume includes papers delivered at the Congress.Part I. Economics of incentives: 1. On theories of incentive compatible choice with compensation Theodore Groves; 2. The theory of incentives: an overview Jean-Jacques Laffont and Eric Maskin; 3. The role of private information in markets and other organizations Roy Radner; Part III. Non-Walrasian economics: 4. Developments in non-Walrasian economics and the microeconomic foundations of macroeconomics Jean-Pascal Benassy; 5. On equilibria with rationing Yves Younes; Part IV. Repeated games: 6. Repeated games: An overview of the zero-sum case Jean-Francois Mertens: Part V. Topics in competitive analysis: 7. The Cournotian foundations of Walrasian equilibrium theory: an exposition of recent theory Andrew Mas-Colell; 8. Recent results on the existence of Cournot equilibril.