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Cited by 431

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

Models of Market Organization with Imperfect Information: A Survey

Rothschild, Michael·1973·Journal of Political Economy
DOI 10.1086/260128
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Abstract

This paper surveys recent theoretical work characterizing markets whose participants act on the basis of sketchy and incomplete information. Its focus is market equilibrium. Models of what is usually called disequilibrium behavior do not make sense and cannot serve as reliable guides to further theorizing or to policy unless they are consistent and coherent. No single equilibrium concept is valid for all situations. The different models analyzed have a variety of different equilibria; some are characterized by a single price, some by a distribution of prices. An attempt is made to identify the features responsible for the different equilibria.

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Metadata

Authors
Rothschild, M.
Venue
Journal of Political Economy
Publisher
University of Chicago Press
Published
1973-11
Volume
81
Issue
6
Pages
1283-1308
ISSN
  • 0022-3808 (ISSN-L)
  • 1537-534X
DOI
10.1086/260128
OpenAlex
W2027236180
Cited by
431
References
2
FWCI
57.48
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Models of Market Organization with Imperfect Information: A Survey. https://app.cochat.ai/papers/10.1086/260128
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Rothschild, M. (1973). Models of Market Organization with Imperfect Information: A Survey. Journal of Political Economy. https://doi.org/10.1086/260128

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.