Product Description: Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not...read more

Product Description: The contents of this volume comprise the proceedings of the International Symposia in Economic Theory and Econometrics conference held in 1987 at the IC^T2 (Innovation, Creativity, and Capital) Institute at the University of Texas at Austin...read more

Product Description: Every day economic decisions are made in the public and private sectors, based on limited information and analysis. The analysis and information needed for successful public policy has changed rapidly with the growth of the global economy, and so have the means for acquiring them...read more (view table of contents, read Amazon.com's description)

Product Description: As desired, the infonnation demand correspondence is single valued at equilibrium prices. Hence no planner is needed to assign infonnation allocations to individuals. Proposition 4. For any given infonnation price system p E . P (F *), almost every a E A demands a unique combined infonnation structure (although traders may be indifferent among partial infonnation sales from different information allocations, etc...read more