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Introduction to the Economics of Information : Incentives and Contracts

Introduction to the Economics of Information : Incentives and Contracts - 97 edition

ISBN13: 978-0198774662

Cover of Introduction to the Economics of Information : Incentives and Contracts 97 (ISBN 978-0198774662)
ISBN13: 978-0198774662
ISBN10: 0198774664
Cover type:
Edition/Copyright: 97
Publisher: Oxford University Press
Published: 1997
International: No

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Introduction to the Economics of Information : Incentives and Contracts - 97 edition

ISBN13: 978-0198774662

Ines Macho-Stadler, Richard Watt and J. David Perez-Castrillo

ISBN13: 978-0198774662
ISBN10: 0198774664
Cover type:
Edition/Copyright: 97
Publisher: Oxford University Press

Published: 1997
International: No
Summary

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. The wide range of economic applications in the book includes such areas as finance, regulation, insurance, labor 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.

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Cover of Introduction to the Economics of Information 2nd edition

Introduction to the Economics of Information - 2nd edition

ISBN13: 978-0199243259
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