Browsing Economics (Working Papers) by Subject "Information"
Now showing items 1-2 of 2
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Production, information and property regimes : efficiency implications in the case of economies of scope
(National University of Ireland, Galway, 1998-04)A conceptual model and numerical example are used to show that private property regimes are not necessarily preferable to common property regimes on efficiency grounds when: (1) agents are risk averse; (2) exogenous ... -
Uncertainty in 'A Treatise on Probability' and the 'General Theory'
(National University of Ireland, Galway, 1996-02)This paper is concerned with the relationship between Keynes's theory of probability and his later work on macroeconomics. It suggests that while the General Theory deals again with the subject of the Treatise on ...