Advances in Economics and Econometrics: Tenth World Congress

doi:10.1017/CBO9781139060011

This is the first of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society, held in Shanghai in August 2010. The papers summarize and interpret key developments in economics and econometrics and they discuss future directions for a wide variety of topics, covering both theory and application. Written by the leading specialists in their fields, these volumes provide a unique, accessible survey of progress on the discipline. The first volume primarily addresses economic theory, with specific focuses on nonstandard markets, contracts, decision theory, communication and organizations, epistemics and calibration, and patents.

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Contents

Frontmatter
pp i-vi
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Contents
pp vii-viii
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Contributors
pp ix-x
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Preface
pp xi-xii
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I - NONSTANDARD MARKETS
pp 1-2
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1 - Matching Markets: Theory and Practice
pp 3-47
- By Atila Abdulkadiroğlu, Duke University, Tayfun Sönmez, Boston College
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2 - The Economics of Internet Markets
pp 48-75
- By Jonathan Levin, Stanford University
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3 - Discussion of “Matching Markets: Theory and Practice”
pp 76-86
- By Yeon-Koo Che, Columbia University
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II - CONTRACTS
pp 87-88
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4 - Contracts: The Theory of Dynamic Principal–Agent Relationships and the Continuous-Time Approach
pp 89-124
- By Yuliy Sannikov, Princeton University
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5 - Dynamic Financial Contracting
pp 125-171
- By Bruno Biais, Toulouse School of Economics, Thomas Mariotti, Toulouse School of Economics, Jean-Charles Rochet, Universität Zürich
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6 - Comments on “Contracts”
pp 172-176
- By Johannes Hörner, Yale University
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III - DECISION THEORY
pp 177-178
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7 - Ambiguity and the Bayesian Paradigm
pp 179-242
- By Itzhak Gilboa, HEC and Tel Aviv University, Massimo Marinacci, Bocconi University
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8 - Temptation
pp 243-288
- By Barton L. Lipman, Boston University, Wolfgang Pesendorfer, Princeton University
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9 - Comments on “Behavioral” Decision Theory
pp 289-302
- By Ran Spiegler, Tel Aviv University
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IV - COMMUNICATION/ORGANIZATIONS
pp 303-304
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10 - Giving and Receiving Advice
pp 305-341
- By Joel Sobel, University of California
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11 - Organizational Economics with Cognitive Costs
pp 342-388
- By Luis Garicano, London School of Economics, Andrea Prat, Duke University
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V - FOUNDATIONS: EPISTEMICS AND CALIBRATION
pp 389-390
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12 - Strategies and Interactive Beliefs in Dynamic Games
pp 391-422
- By Pierpaolo Battigalli, Bocconi University, Alfredo Di Tillio, Bocconi University, Dov Samet, Tel Aviv University
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13 - Calibration: Respice, Adspice, Prospice
pp 423-442
- By Dean P. Foster, University of Pennsylvania, Rakesh V. Vohra, Northwestern University
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14 - Discussion of “Strategies and Interactive Beliefs in Dynamic Games” and “Calibration: Respice, Adspice, Prospice”
pp 443-448
- By Wojciech Olszewski, Northwestern University
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VI - PATENTS: PROS AND CONS FOR INNOVATION AND EFFICIENCY
pp 449-450
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15 - Revisiting the Relationship between Competition, Patenting, and Innovation
pp 451-455
- By Philippe Aghion, Harvard University, Peter Howitt, Brown University, Susanne Prantl, University of Cologne
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16 - Mechanisms for Allocation and Decentralization of Patent Rights
pp 456-486
- By Hugo Hopenhayn, University of California, Gerard Llobet, Cemfi, Matthew Mitchell, University of Toronto
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Name Index
pp 487-495
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Miscellaneous Endmatter
pp 496-498
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Advances in Economics and Econometrics

Tenth World Congress

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