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An introduction to the economics of information - Ins Macho-Stadler
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Title
An introduction to the economics of information - incentives and contracts
An introduction to the economics of information - incentives and contracts
Author
Ins Macho-Stadler
Ins Macho-Stadler
format
Paperback / softback
Paperback / softback
Publisher
OUP OXFORD
OUP OXFORD
Language
English
English
UK Publication Date
20010308
20010308
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.
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