Introduction to the Economics of Information Incentives and Contracts

Name: Introduction to the Economics of Information Incentives and Contracts
Price: 6.75 USD
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ISBN: 9780199243259

ISBN-10: 0199243255

ISBN-13: 9780199243259

Edition: 2nd 2001 (Revised)

Authors: Inï¿½s Macho-Stadler, J. David Pï¿½rez-Castrillo, Richard Watt, Inï¿½s Macho-Stadler, J. David Pï¿½rez-Castrillo

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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…

Book details

List price: $69.00
Edition: 2nd
Copyright year: 2001
Publisher: Oxford University Press, Incorporated
Publication date: 5/17/2001
Binding: Paperback
Pages: 302
Size: 6.14" wide x 9.21" long x 0.67" tall
Weight: 0.946
Language: English




Introduction



The Base Model



The Moral Hazard Problem



The Adverse Selection Problem



Signalling


Mathematical Appendix


Additional Exercises