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＜電子ブック＞
Advances in Mathematical Economics / by Shigeo Kusuoka, Toru Maruyama
(Advances in Mathematical Economics. ISSN:18662234 ; 2)

版	1st ed. 2000.
出版者	(Tokyo : Springer Japan : Imprint: Springer)
出版年	2000
本文言語	英語
大きさ	V, 164 p : online resource
著者標目	*Kusuoka, Shigeo author Maruyama, Toru author SpringerLink (Online service)
件　名	LCSH:Econometrics LCSH:Social sciences -- Mathematics  全ての件名で検索 FREE:Quantitative Economics FREE:Mathematics in Business, Economics and Finance
一般注記	Research Articles -- Turnpike theorems for positive multivalued stochastic operators -- Functional differential inclusion on closed sets in Banach spaces -- Job matching: a multi-principal, multi-agent model -- Term structure and SPDE -- Fixed point theorems and the existence of economic equilibria based on conditions for local directions of mappings -- Efficiency of stochastic transfers in a directed graph -- Allocations of labour resources on trajectories for the model with discrete innovations The role of asymmetric information in allocation of resources, together with the associated information-revelation process, has long been a central focus of economic research. While the bulk of the literature addresses these is­ sues within the framework of principal-agent relationship, which essentially reduces the problem to the sole principal's (the sole Stackelberg leader's) optimization problem subject to the agents' (the Stackelberg followers') re­ sponses, there are recent attempts to extend analysis to other economic setups characterized by different relationships among decision-makers. A notable strand of such attempts is the core analysis of incomplete in­ formation. Here, there is no Stackelberg-type relationship, and more impor­ tantly the players can talk to each other for coordinated choice of strategies. See, e.g., Wilson (1978) for a pioneering work; Yannelis (1991) for formula­ tion of feasibility of a strategy as its measurability; Ichiishi and Idzik (1996) for introduction of Bayesian incentive-compatibility to this strand; Ichiishi, Idzik and Zhao (1994) for information revelation (that is, endogenous deter­ mination of updated information structures); Ichiishi and Radner (1997) and Ichiishi and Sertel (1998) for studies of a specific model of Chandler's firm in multidivisional form for sharper results; and Vohra (1999) for a recent work. It is a common postulate in these works that every player takes part in design of a mechanism and also in execution of the signed contract HTTP:URL=https://doi.org/10.1007/978-4-431-67909-7

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