Persuasion in an asymmetric information economy: a justification of Wald’s maxmin preferences
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DOI: 10.1007/s00199-021-01364-7
Abstract: To justify the use of Wald’s maxmin preferences in an asymmetric information economy, we introduce a mechanism designer who can convince/persuade agents to adopt Wald’s maxmin preferences. We show that more efficient and individually rational… read more here.
Keywords: wald maxmin; information economy; asymmetric information; maxmin preferences ... See more keywords
Mechanism of modernization of industrial sphere of industrial enterprise in accordance with requirements of the information economy
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DOI: 10.21272/mmi.2018.4-11
Abstract: In the paper is established that for the effective development of the industrial enterprise in the conditions of the information economy, should be the modernization of the production sphere of the enterprise. The main aim… read more here.
Keywords: industrial enterprise; information economy; modernization;