Economic Scarcity What is the role of scarcity in microeconomics?

In our approach, the role of aggregate policy is to convey information which would other- wise be more costly to obtain. In particular, the view that monetary ... More Info, Luciano Pomatto (CalTech) The Cost of Information: The Case of Constant Marginal Costs. 02/27/2023. More Info, Eran Shmaya (SUNY -Stony Brook) Published in volume 15, issue 2, pages 660-98 of American Economic Journal: Microeconomics ... We show that, despite informational constraints, a simple index—a ... competition · economic theory · economic trends · economics of information and uncertainty · game theory · microeconomic theory · microeconomics · price-setting. (2015): “Selling cookies,” American economic journal: Microeconomics, 7, 259–94. Bergemann, D., and S. Morris. (2016): “Bayes correlated equilibrium and the ... The paper focuses its attention on an analysis of the Digital Economy and its industrial object – information, particularly through the discussion of social ... Abstract. This paper is an expository introduction to several topics of current research in the general equilibrium theory of rational expectations. More ... game theory and strategic decision-making. Provide students with a deeper knowledge in information economics and informational issues, as well as topics related ... Jan 15, 2013 ... This is an important result. 1.2 Asymmetric information and the revelation principle. Consider now the situation in which only the buyer knows ... UH Microeconomics 2019. 15.1 The Problem of Imperfect Information and Asymmetric Information. Learning Objectives. By the end of this section, you will be able ...