An Introduction to the Economics of Information
Inés Macho-Stadler, J. David Pérez-Castrillo
Language: English
Published by Oxford University Press, GB, 2001
- Hardcover
- New
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Seller Inventory # LU-9780199243273
- Title
- An Introduction to the Economics of Information
- Author
- Inés Macho-Stadler, J. David Pérez-Castrillo
- Publisher
- Oxford University Press, GB
- Publication year
- 2001
- Condition
- New
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0199243271
- ISBN 13
- 9780199243273
- Edition
- 2nd.
- Item weight
- 572 grams
- Dimensions
- 15.6 x 1.75 x 23.39 cm
After an introduction to the subject and the presentation of a benchmark model in which both parties share the same information throughout the relationship, chapters are devoted to the three main asymmetric information topics of Moral Hazard, Adverse Selection, and Signalling.
The wide range of economic situations where the conclusions are applied 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. This new edition incorporates extended exercises to test the student's understanding of the material, and to develop the tools and skills provided by the main text to solve other, original problems.
"Synopsis" may belong to another edition of this title.
About the Author
; J. David Pérez-Castrillo is Associate Professor of Economics at the Universitat Autonoma de Barcelona. He gained his Ph.D. in Economics from the Ecole Hautes Etudes en Sciences Sociales (Paris).
"About the title" may belong to another edition of this title.
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