An application of Shannon's coding theorem to information transmission in economic markets

DOI10.1016/0020-0255(87)90009-0zbMath0639.90016OpenAlexW2051887406MaRDI QIDQ1100077

William D. O'Neill

Publication date: 1987

Published in: Information Sciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0020-0255(87)90009-0

zbMATH Keywords

economic equilibriuminformation channelsaggregate economic modeleconomic marketmultiple access information channelmultiple agent marketnoiseless feedback pathShannon's coding theorem

Mathematics Subject Classification ID

General equilibrium theory (91B50) Coding theorems (Shannon theory) (94A24)

Related Items (4)

The coding theorem and ordinary least-squares models in economics ⋮ Some source coding theorems and 1:1 coding based on generalized inaccuracy measure of order \(\alpha \) and type \(\beta \) ⋮ Development of two new mean codeword lengths ⋮ \(M\)-matrices and bounds for reliable transmission of information in communication systems and economic markets

Cites Work

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• A Mathematical Theory of Communication
• A note on 'fulfilled expectations' equilibria
• The capacity of the white Gaussian multiple access channel with feedback
• Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices
• A Theory of Rational Random Behavior
• A coding scheme for additive noise channels with feedback--I: No bandwidth constraint

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