Information, Strategy and Public Policy - Vines
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In this volume, economists address the matter of the role of policy in a market economy. They ask whether the invisible hand mechanism is able to allocate resources to meet the needs of society. They draw on recent work on imperfect information and strategic behaviour, and argue that the models of classical welfare economics are inadequate for understanding modern market economics.

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In this volume, economists address the matter of the role of policy in a market economy. They ask whether the invisible hand mechanism is able to allocate resources to meet the needs of society. They draw on recent work on imperfect information and strategic behaviour, and argue that the models of classical welfare economics are inadequate for understanding modern market economics.