Market Games with Asymmetric Information

小行星9309854 本研究关注的基本理论问题是交易者如何能够并且应该策略性地使用信息。 经济动机来自于寡头垄断行业或研究合资企业中企业之间的信息共享，以及人们如何选择政策规则、合同、法律的制度或机构的基本问题。 信息对协议的可执行性提供了自然的限制。 该项目首先研究具有不同信息的个人之间的这种相互作用，以及反映例如他们的平均边际贡献的解决方案的可能性，子群体不可能找到更好的结果，或者由于平衡中的任何单方面行动变化而缺乏改善。 在共享联合活动的单位（例如，公司的子公司）之间转移定价或成本分摊的应用（即，提供科学实验室或工作人员部门服务）。 ***

9309854 Allen This research concerns the basic theoretical question of how traders can and should use information strategically. The economic motivation is derived from information sharing among firms in an oligopolistic industry or a research joint venture as well as from the fundamental problem of how groups of people choose policy rules, contracts, legal systems, or institutions. Information provides a natural restriction on the enforceability of agreements. The project begins by examining such interactions among individuals with different information and the possibilities for solutions which reflect, for instance, their average marginal contributions, the impossibility for subgroups to find better outcomes, or the lack of improvement arising from any unilateral change of action in equilibrium. An application to transfer pricing or cost sharing among units (for example, subsidiaries in a corporation) sharing a joint activity (i.e., a scientific laboratory or staff department services) is provided. ***