What are the policy implications of neoclassical analysis of information?

... economics,” which provides a new way of assessing and reconciling (albeit partially) the growing conflict between conventional or neoclassical economics ... The new institutional economics aspires to bridge the gap between neoclassical economics and organization theory (Williamson, 1985; Furubotn and Richter, 1998). This article draws out implications for human survival of continuing to implement policies based on neoclassical modes of analysis. ... neoclassical economics. Akerlof spent time at the London School of Economics ... The Laureates' contributions form the core of modern information economics. Jul 21, 2014 ... One response to this research is for employers to change their defaults from non-participation to participation in retirement savings accounts ... normative than the neoclassical economics assumptions of rational economic agents and ... research as neoclassical because such a broad definition of ... Postlewaite (1993): “Finite Bubbles with Short Sale Constraints and Asymmetric Information,” Journal of Economic Theory, 61, 206–229. Brunnermeier, M. K. (2001): ... The neoclassical theory of authority builds on a key insight of the literature on public finance and fiscal federalism: the tension between the economic. Jul 13, 2021 ... ... economists that such a syn- thesis of behavioral and neoclassical economics makes behavioral economics obsolete as a distinct research ... May 9, 2018 ... ... information sharing strategies of individual economic agents brings two scientific paradigms of economics, neoclassical economics and.