Böcker av Louis Phlips

This book provides a systematic presentation of new microeconomic theories of imperfect information. Each chapter explores a particular type of informational asymmetry and reviews major papers. Wherever possible the theories are compared with experimental evidence. An extensive bibliography is included.

This book offers a theoretical and unified explanation of how prices are determined in practice. This is the first unified treatment of a recent and growing body of literature in the 'new industrial organization' field, and it will fill a gap between textbook microeconomics and real-life antitrust cases.

Louis Phlips The stabilisation of primary commodity prices, and the related issue of the stabilisation of export earnings of developing countries, have traditionally been studied without reference to the futures markets (that exist or could exist) for these commodities.