Advances in Economics and Econometrics

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  • Format: Hardcover
  • Copyright: 2013-05-27
  • Publisher: Cambridge Univ Pr
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This is the first of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society, held in Shanghai in August 2010. The papers summarize and interpret key developments in economics and econometrics, and they discuss future directions for a wide variety of topics, covering both theory and application. Written by the leading specialists in their fields, these volumes provide a unique, accessible survey of progress on the discipline. The first volume primarily addresses economic theory, with specific focuses on nonstandard markets, contracts, decision theory, communication and organizations, epistemics and calibration, and patents.

Table of Contents

Nonstandard Markets
Matching markets: theory and practice
The economics of internet markets
Discussion of 'matching markets: theory and practice'
Contracts: the theory of dynamic principal-agent relationships and the continuous-time approach
Dynamic financial contracting
Comments on contracts
Decision Theory
Ambiguity and the Bayesian paradigm
Comments on 'behavioral' decision theory
Giving and receiving advice
Organizational economics with cognitive costs
Foundations Epistemics and Calibration
Strategies and interactive beliefs in dynamic games
Calibration: respice, adspice, prospice
Discussion of 'strategic interactive beliefs in dynamic games' and of 'calibration: respice, adspice, prospice'
Patents: Pros and Cons for Innovation and Efficiency
Revisiting the relationship between competition, patenting, and innovation
Mechanisms for allocation and decelentralization of patent rights
Table of Contents provided by Publisher. All Rights Reserved.

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