The Economics of Information: Lying and Cheating in Markets and Organizations / Edition 1 by Ian Molho, Molho | | 9780631206668 | Paperback | Barnes & Noble
The Economics of Information: Lying and Cheating in Markets and Organizations / Edition 1

The Economics of Information: Lying and Cheating in Markets and Organizations / Edition 1

by Ian Molho, Molho
     
 

ISBN-10: 0631206663

ISBN-13: 9780631206668

Pub. Date: 11/10/1997

Publisher: Wiley

Knowledge is a vital resource which confers strategic advantages on those that possess it, and provides the possibility of misuse and abuse with increasingly dangerous economic consequences.

Overview

Knowledge is a vital resource which confers strategic advantages on those that possess it, and provides the possibility of misuse and abuse with increasingly dangerous economic consequences.

Product Details

ISBN-13:
9780631206668
Publisher:
Wiley
Publication date:
11/10/1997
Edition description:
New Edition
Pages:
276
Product dimensions:
9.00(w) x 6.00(h) x 0.62(d)

Table of Contents

List of Figures.

List of Tables.

Preface.

1. Introduction: Private Information and Hidden Action.

Part I: Adverse Selection: The Market for Lemons. .

2. Quality Uncertainty and the Market for Lemons.

3. Adverse Selection: The Wilson Model.

4. Lemons Problems: Experimental Evidence.

Part II: Signalling.

5. Job Market Signalling.

6. Screening: A Self-Selection Mechanism.

7. Further Literature on Signalling Theory.

8. Signalling/Screening Behaviour: Experimental Evidence.

Part III: Moral Hazard.

9. Moral Hazard: Shareholder/Management Relations.

10. Moral Hazard: A Principal-Agent Model.

11. Further Literature on Moral Hazard and Agency Theory.

12. Moral Hazard: Experimental Evidence.

Part IV: Mechanism Design: Applications to Bargaining and Auctions. .

13. Mechanism Design and the Revelation Principle: A Bargaining Example.

14. Auction Design: Theory.

15. Auction Design: Experimental Evidence.

16. Concluding Comments.

Appendix: Brief Notes on Probability Distributions, Baye's Rule, Expected Utility Theory and Game Theory.

Index.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >