Background
McCall, John Joseph was born in 1933 in Chicago, Illinois, United States of America.
(PLEASE NOTE: See my pictures I have posted above, that's ...)
PLEASE NOTE: See my pictures I have posted above, that's my book. No Dust Jacket if applicable. ISBN: 0669908525. ***Income Mobility, Racial Discrimination and Economic Growth*** by John J. McCall.
http://www.amazon.com/gp/product/0669908525/?tag=2022091-20
(There has been explosive progress in the economic theory ...)
There has been explosive progress in the economic theory of uncertainty and information in the past few decades. This subject is now taught not only in departments of economics but also in professional schools and programs oriented toward business, government and administration, and public policy. This book attempts to unify the subject matter in a simple, accessible manner. Part I of the book focuses on the economics of uncertainty; Part II examines the economics of information. This revised and updated second edition places a greater focus on game theory. New topics include posted-price markets, mechanism design, common-value auctions, and the one-shot deviation principle for repeated games.
http://www.amazon.com/gp/product/0521541964/?tag=2022091-20
(Recent intellectual advances in the theory of uncertainty...)
Recent intellectual advances in the theory of uncertainty and information are presented in this book, which unifies many important but partial results into a satisfying single picture, making it clear how the economics of uncertainty and information generalizes and extends standard economic analysis. Part 1 covers the economics of uncertainty: each person adapts to a given fixed state of knowledge by making an optimal choice among the immediate "terminal" actions available. These choices in turn determine the overall market equilibrium reflecting the social distribution of risk-bearing. In Part 2, covering the economics of information, the state of knowledge is no longer held fixed, and individuals can overcome their ignorance by "informational" actions. The text also addresses many specific topics such as insurance, the Capital Asset Pricing Model, auctions, deterrence of entry, and research and invention.
http://www.amazon.com/gp/product/0521283698/?tag=2022091-20
McCall, John Joseph was born in 1933 in Chicago, Illinois, United States of America.
Bachelor of Arts (Philosophy) University Notre Dame, 1955. Master of Business Administration, Doctor of Philosophy University Chicago, 1957, 1959.
Economics, Rand Corporation, 1959-1963, 1964-1966, 1976-1978. Association Professor, University Chicago, 1966. Professor of Economics, University California Irvine, 1968-1969.
Visiting Walgreen Professor, University Chicago, 1977-1978, University Konstanz, West. Germany, 1981.
Professor of Economics, University of California, Los Angeles, California, United States of America, Los Angeles, California, United States of America, since 1969. Editorial Board, Information Economics and Policy.
(Recent intellectual advances in the theory of uncertainty...)
(There has been explosive progress in the economic theory ...)
(PLEASE NOTE: See my pictures I have posted above, that's ...)
(Published by American Elsevier in 1967)
Most of my research has been on the economics of uncertainty. Early on I recognised that many of these uncertainty problems could be formulated as optimal stopping rules. Much theoretical and empirical work has been stimulated by this observation.