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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, Richard Watt
 

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ISBN-10: 0199243255

ISBN-13: 9780199243259

Pub. Date: 05/28/2001

Publisher: Oxford University Press, USA

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:
9780199243259
Publisher:
Oxford University Press, USA
Publication date:
05/28/2001
Edition description:
REV
Pages:
304
Product dimensions:
9.10(w) x 6.10(h) x 0.70(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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