The book offers a comprehensive exploration of contemporary microeconomic theories centered on imperfect information. It systematically presents innovative concepts and frameworks that enhance the understanding of how information asymmetry impacts economic behavior and decision-making. Through detailed analysis, it addresses the implications of these theories for various economic models and real-world applications.
Utilizing modern game theory, this book explores the intersection of competition policy and market structure, building on the foundational work of Louis Phlips. Contributions from prominent scholars across Europe and North America highlight the interplay between regulatory frameworks and market dynamics. It reflects on advancements in understanding real-world market operations, emphasizing their implications for the formulation and enforcement of anti-trust policies.
This book provides a systematic presentation of new microeconomic theories of imperfect information.
Book by Phlips, Louis.