How does neoclassical economics analyze the impact of government policies on specific industries?

Jun 15, 2019 ... ... informational role of the price system within the neoclassical framework. ... neoclassical economics has yielded an odd blend of the two.footnote ... Nov 20, 2021 ... General equilibrium theory lost its dominant position in theoretical economic studies, with its role of setting the research agenda taken over ... Apart from his research on asymmetric information, Akerlof has developed economic theory with insights from sociology and social anthropology. His most ... Information asymmetry is in contrast to perfect information, which is a key assumption in neo-classical economics. In 1996, a Nobel Memorial Prize in Economics ... Postlewaite (1993): “Finite Bubbles with Short Sale Constraints and Asymmetric Information,” Journal of Economic Theory, 61, 206–229. Brunnermeier, M. K. (2001): ... The information content of monetary aggregates about the true state of the economy is important when the variability of output measurement errors is high. In ... The theory also believes that because people make decisions based on the available information ... and the neoclassical revolution in economics.1. The Influence ... Apr 8, 2010 ... In this paper, we study how such information spillovers impact the incentives that agents face when making their real economic decisions. The information economics approach did not supplant the neoclassical model but rather extended it to include an explicit analysis of how information ... Practical economists who could not ignore the bouts of unemployment which had plagued capitalism since its inception talked of the neoclassical synthesis: using ...