Information Structures in Economics

Ch. 0. Introduction.- 0.1. Scope and Approach of the Book.- 0.2. Summary of Contents.- 0.3. Further Remarks and References.- I. Preliminaries.- Ch. 1. Information Structures.- 1.1. Definition of an Information Structure.- 1.2. Decision Rules.- 1.3. Comparison of Information Structures.- 1.4. The Continuous Case.- 1.5. Further Remarks and References.- Ch. 2. Examples of Information Structures.- 2.1. Noiseless Information.- 2.2. Perfect Information and No Information.- 2.3. Binary Information Structures.- 2.4. Vector Information Structures.- 2.5. A Continuous Example.- 2.6. A Discrete Example.- 2.7. Further Remarks and References.- Ch. 3. Some Game Theory.- 3.1. Imperfect Competition and Strategic Behavior.- 3.2. Noncooperative Games.- 3.3. Further Remarks and References.- II. Oligopolistic Markets with Imperfectly Informed Buyers.- Ch. 4. The Basic Model.- 4.1. Introduction.- 4.2. Firms.- 4.3. Households.- 4.4. The Market Game.- 4.5. Some Special Cases.- 4.6. Discussion of the Basic Model.- 4.7. Further Remarks and References.- Ch. 5. Symmetric Market Structure with n Firms.- 5.1. Introduction.- 5.2. General Assumptions and Results.- 5.3. A Class of Symmetric Information Structures.- 5.4. An Existence Theorem.- 5.5. A Nonexistence Theorem.- 5.6. Further Remarks and References.- Ch. 6. Asymmetric Duopoly.- 6.1. Introduction.- 6.2. Assumptions.- 6.3. Equilibria with a “Naive” Decision Rule.- 6.4. Equilibria with a “Bayesian” Decision Rule.- 6.5. Price Dispersion Equilibria.- 6.6. Further Remarks and References.- Ch. 7. Judging Quality by Price.- 7.1. Introduction.- 7.2. Firms.- 7.3. Households.- 7.4. The Market Game.- 7.5. Existence of Equilibrium.- 7.6. Properties of Equilibrium.- 7.7. Further Remarks and References.- III. Sequential Futures Markets.- Ch. 8. The Model and Some Basic Properties.- 8.1. Introduction.- 8.2. The Data of the Model.- 8.3. Optimal Strategies and the Value of Information.- 8.4. Existence of an Optimal Strategy.- 8.5. Marginal Conditions.- 8.6. Continuity of the Value of Information.- 8.7. Further Remarks and References.- Ch. 9. The Value of Information in Sequential Futures Markets.- 9.1. Upper and Lower Bounds.- 9.2. The “Generic” Viewpoint.- 9.3. Generic Theorems.- 9.4. The Case of a Quadratic Utility Function.- 9.5. Two Examples.- 9.6. Further Remarks and References.- Ch. 10. Generalizations.- 10.1. Sequential Futures Markets with Many Periods.- 10.2. Options.- 10.3. Further Remarks and References.- References.