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Taschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - and should therefore constitute a part of every area of economic 3 theory. The spectrum covered by information economics today ranges from Stigler's search theory4 to industrial economics, including oligopoly theory, innovation, as well as research and develop 5 ment. However, the area information economics is most closely connected with is the theory of optimal contracts, mainly ana 6 lyzed in principal-agent models. Contract theory deals primar ily with the question of how optimal arrangements (contracts) for the purchase and sale of commodities and services between two or more agents should be structured. In these models, it is often assumed that the parties to the contract are informed differently or asymmetrically about relevant variables (e. g. the health of one party in the case of insurance contracts, or the effort in relation to employment contracts). As a result of this asymmetric in formation, phenomena such as moral hazard, adverse selection, signaling, and screening may arise. Frequently, results from con tract theory are referred to when making statements about the effects of asymmetric information on an economy. Models of this kind are often used to explain phenomena such as fixed wages or unemployment, among others. 7 However, such conclusions must be treated with caution for two reasons. In the first place, in these models, a contract (explicit or implicit) is determined by the solution of an optimization prob lem.
Taschenbuch. Condition: Neu. The Core of Economies with Asymmetric Information | Ulrich Schwalbe | Taschenbuch | Lecture Notes in Economics and Mathematical Systems | ix | Englisch | 1999 | Springer | EAN 9783540660286 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu.
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Condition: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | and should therefore constitute a part of every area of economic 3 theory. The spectrum covered by information economics today ranges from Stigler's search theory4 to industrial economics, including oligopoly theory, innovation, as well as research and develop 5 ment. However, the area information economics is most closely connected with is the theory of optimal contracts, mainly ana 6 lyzed in principal-agent models. Contract theory deals primar ily with the question of how optimal arrangements (contracts) for the purchase and sale of commodities and services between two or more agents should be structured. In these models, it is often assumed that the parties to the contract are informed differently or asymmetrically about relevant variables (e. g. the health of one party in the case of insurance contracts, or the effort in relation to employment contracts). As a result of this asymmetric in formation, phenomena such as moral hazard, adverse selection, signaling, and screening may arise. Frequently, results from con tract theory are referred to when making statements about the effects of asymmetric information on an economy. Models of this kind are often used to explain phenomena such as fixed wages or unemployment, among others. 7 However, such conclusions must be treated with caution for two reasons. In the first place, in these models, a contract (explicit or implicit) is determined by the solution of an optimization prob lem.
Published by Berlin, Springer, 1999., 1999
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IX, 141 S., (6) S. Anz., gr.okt., Kt.- [ Wirtschaftswissenschaft Volkswirtschaft SpracheEN J| 1999 N| Ulrich Schwalbe | 94377 ].
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Published by Oxford University Press, 2009
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ISBN 10: 3800517213 ISBN 13: 9783800517213
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ISBN 10: 3800514567 ISBN 13: 9783800514564
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ISBN 10: 3800517213 ISBN 13: 9783800517213
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Condition: New. In den vergangenen zwei Jahrzehnten ist die zunehmende Oekonomisierung - d.h. die Heranziehung moderner wirtschaftswissenschaftlicher Methoden und Konzepte bei der konkreten Anwendung und darueber hinaus bei der Weiterentwicklung des Kartellrechts - eines d.