Market Games with Asymmetric Information

[309854] Allen这项研究关注的是一个基本的理论问题，即交易者如何能够并且应该策略性地使用信息。经济动机来源于寡头垄断行业或研究合资企业中企业之间的信息共享，以及群体如何选择政策规则、合同、法律体系或制度的基本问题。信息对协议的可执行性提供了自然的限制。该项目首先检查具有不同信息的个人之间的这种相互作用，以及解决方案的可能性，例如，反映他们的平均边际贡献，子群体不可能找到更好的结果，或者由于任何单方面改变平衡行动而缺乏改进。提供了在共享联合活动（即科学实验室或员工部门服务）的单位（例如公司的子公司）之间转让定价或成本分摊的应用程序。＊＊＊

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. ***