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

This is a graduate textbook on the theory of contracting under asymmetric information, a key part of modern microeconomic theory. It examines the characteristics of optimal contracts when one party has certain relevant knowledge that the other party does not. The various problems are presented in the same framework to allow easy comparison of the different results.

Overview

This is a graduate textbook on the theory of contracting under asymmetric information, a key part of modern microeconomic theory. It examines the characteristics of optimal contracts when one party has certain relevant knowledge that the other party does not. The various problems are presented in the same framework to allow easy comparison of the different results. This updated second edition substantially extends the exercises that test students' understanding of the material covered in each section.

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

1. Introduction
2. The Base Model
3. The Moral Hazard Problem
4. The Adverse Selection Problem
5. Signalling
Mathematical Appendix
Additional Exercises

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