Unlike the papers of some other great economists, those of Kenneth Arrow are being read and studied today with even greater care and attention than when they first appeared in the journals. The publication of his collected papers will therefore be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the deep knowledge and the discernment in selection of scientific problems that only a master can offer. The author has added headnotes to certain well-known papers, describing how he came to write them. This volume begins with Arrow's papers on statistical decision theory, which served as a foundation for his work on the economics of information. As he writes in his preface, Statistical method was an example for the acquisition of information. In a world of uncertainty, it was no great leap to realize that information is valuable in an economic sense. The later, applied papers, which operationalize the theory of the early ones, include essays on the demand for information, the economic value of screening devices, and the effect of incomplete information on the structure of organizations, futures markets, and insurance.
Product Identifiers
Publisher
Harvard University Press
ISBN-13
9780674137639
eBay Product ID (ePID)
95036204
Product Key Features
Author
Kenneth J. Arrow
Publication Name
Collected Papers of Kenneth J. Arrow: Volume 4: the Economics of Information
Format
Hardcover
Language
English
Subject
Economics
Publication Year
1984
Type
Textbook
Number of Pages
296 Pages
Dimensions
Item Height
235mm
Item Width
156mm
Item Weight
671g
Additional Product Features
Title_Author
Kenneth J. Arrow
Country/Region of Manufacture
United States
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