An Introduction to the Economics of Information
Incentives and Contracts
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Product details:
- Edition number 2
- Publisher OUP Oxford
- Date of Publication 8 March 2001
- ISBN 9780199243259
- Binding Paperback
- No. of pages302 pages
- Size 234x156x17 mm
- Weight 473 g
- Language English
- Illustrations line figures 0
Categories
Short description:
This is a graduate textbook on the theory of contracting under asymmetric information, a key part of modern microeconomic theory. It examines the characteristics of optimal contracts when one party has certain relevant knowledge that the other party does not. The various problems are presented in the same framework to allow easy comparison of the different results. The authors indicate substantial real-world applications, and exercises for students (with solutions) are provided at the end of each chapter.
MoreLong description:
This is a graduate textbook on the theory of contracting under asymmetric information, a key part of modern microeconomic theory. It examines the characteristics of optimal contracts when one party has certain relevant knowledge that the other party does not. The various problems are presented in the same framework to allow easy comparison of the different results. The authors indicate substantial real-world applications, and exercises for students (with solutions) are provided at the end of each chapter.
It is a timely contribution to the discipline of Economics as a whole and in particular to Information Economics.
