An Introduction to the Economics of Information: Incentives and Contracts / Edition 2

An Introduction to the Economics of Information: Incentives and Contracts / Edition 2

by Ines Macho-Stadler, J. David Perez-Castrillo
     
 

ISBN-10: 0199243271

ISBN-13: 9780199243273

Pub. Date: 03/28/2001

Publisher: Oxford University Press

"In this revised second edition, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals and organizations when one party has more or better information on some aspect of the relationship. This is the condition of asymmetric information, under which the information gap will be…  See more details below

Overview

"In this revised second edition, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals and organizations when one party has more or better information on some aspect of the relationship. This is the condition of asymmetric information, under which the information gap will be exploited if, by doing so, the better-informed party can achieve some advantage. The book is written for a one-semester course for advanced undergraduates taking specialized course options, and for first-year postgraduate students of economics or business."--BOOK JACKET.

Product Details

ISBN-13:
9780199243273
Publisher:
Oxford University Press
Publication date:
03/28/2001
Pages:
301
Product dimensions:
6.40(w) x 9.30(h) x 1.00(d)

Table of Contents

Preface
1Introduction
2The Base Model
3The Moral Hazard Problem
4The Adverse Selection Problem
Signalling
Mathematical Appendix: Concavity and Optimization231
References237
Solution to the Exercises245
Index275
Additional Exercises279

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