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Analysis in which the ability of agents act rationally is constrained in one or more respects. Commonly employed in behavioural economics.
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A situation in which a market fails to produce an efficient (i.e., welfare-maximizing) allocation.
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Input-output models as used by Wassily Leontief.
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In signaling games, an informed sender moves first. Their action may "signal" information about the sender's type to an uniformed receiver who then acts based on an updated belief.
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