Titlebook: Information Structures in Economics; Studies in the Theor Manfred Nermuth Book 1982 Springer-Verlag Berlin Heidelberg 1982 Economics.Inform

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or the acquisition of knowledge and skills is currently considered the most effective strategy for nurturing engaged, informed learners. In the last decade especially, European countries have promoted a series of revisions to their curricula and in the ways teachers are trained to put these into pra

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Some Game Theorythe study of markets with imperfect information leads naturally to game theoretic considerations: “imperfect information” typically introduces some factors which violate the assumptions of perfect competition, thus making room for (if not necessitating) strategic behavior on part of at least some ec

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The Basic Modelsubsequent chapters. Broadly speaking, different information and decision structures give rise to different types of household behavior; different types of household behavior create different market structures, i.e. different games between the firms; and our task will be to find the equilibria of th

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