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Introduction to the Economics of Information Incentives and Contracts

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ISBN-10: 0199243255

ISBN-13: 9780199243259

Edition: 2nd 2001 (Revised)

Authors: In�s Macho-Stadler, J. David P�rez-Castrillo, Richard Watt

List price: $55.00
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Description:

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. After an introduction to the subject and the presentation of a benchmark…    
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Book details

List price: $55.00
Edition: 2nd
Copyright year: 2001
Publisher: Oxford University Press, Incorporated
Publication date: 5/17/2001
Binding: Paperback
Pages: 302
Size: 5.50" wide x 8.75" long x 0.50" tall
Weight: 0.572
Language: English

Introduction
The Base Model
The Moral Hazard Problem
The Adverse Selection Problem
Signalling
Mathematical Appendix
Additional Exercises