An introduction to the economics of information: incentives and contracts

The wide range of economic applications in the book includes such areas as finance, regulation, insurance, labour economics, health economics, and even politics. Each chapter presents the basic theory before moving on to applications and advanced topics. The problems are presented in the same framew...

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Bibliographische Detailangaben
Beteiligte Personen: Macho-Stadler, Inés 1959- (VerfasserIn), Pérez-Castrillo, J. David 1961- (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: Oxford [u.a.] Oxford Univ. Press 1997
Schlagwörter:
Zusammenfassung:The wide range of economic applications in the book includes such areas as finance, regulation, insurance, labour economics, health economics, and even politics. Each chapter presents the basic theory before moving on to applications and advanced topics. The problems are presented in the same framework throughout to allow easy comparison of the different results. Solved exercises test the student's understanding of the material, and develop the tools and skills provided by the main text to solve other, original problems
Abstract:A textbook on optimal contract theory, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals or 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 first-year postgraduate students of economics or business and for advanced undergraduates taking specialized course options
Beschreibung:Hier auch später erschienene, unveränderte Nachdrucke
Umfang:XIV, 277 S. graph. Darst.
ISBN:0198774664
0198774672