Introduction to Information Economics Incentives and Contracts by Watt Pérez-Castrillo Macho-Stadler 2001 Paperback-image
Introduction to Information Economics Incentives and Contracts by Watt Pérez-Castrillo Macho-Stadler 2001 Paperback-image

Introduction to Information Economics Incentives and Contracts by Watt Pérez-Castrillo Macho-Stadler 2001 Paperback

$ 5.59

ISBN-10: 0199243255 Edition Description: Revised edition Publication Year: 2001 Format: Trade Paperback Dewey Decimal: 330 TitleLeading: An Subject: Information Management, Information Technology Number of Pages: 302 Pages LCCN: 2001-271578 Dewey Edition: 21 Publication Name: Introduction to the Economics of Information : Incentives and Contracts gtin13: 9780199243259 Language: English Table Of Content: 1. Introduction2. The Base Model3. The Moral Hazard Problem4. The Adverse Selection Problem5. SignallingMathematical AppendixAdditional Exercises LC Classification Number: HB133 Illustrated: Yes ISBN-13: 9780199243259 Type: Textbook Features: Revised Publisher: Oxford University Press, Incorporated Intended Audience: Scholarly & Professional Reviews: Review of the previous edition:'It is a timely contribution to the discipline of Economics as a whole and in particular to Information Economics.'Ian Jackson, Staffordshire University, Review of the previous edition:'It is a timely contribution to the discipline of Economics as a whole and inparticular to Information Economics.'Ian Jackson, Staffordshire University, On the previous edition:"It is a timely contribution to the discipline of Economics as a whole and in particular to Information Economics."--Ian Jackson, Staffordshire University Subject Area: Computers, Business & Economics Item Width: 6.1 in Item Weight: 15.7 Oz Item Height: 0.7 in brand: Oxford University Press, Incorporated Author: Richard Watt, J. David Pérez-Castrillo, Inés Macho-Stadler Edition Number: 2 Item Length: 9.2 in Synopsis: In this revised second edition, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals and 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 writtenfor a one-semester course for advanced undergraduates taking specialized course options, and for first-year postgraduate students of economics or business.After an introduction tothe 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 theorybefore 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 extendedexercises 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., 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., 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. This updated second edition substantially extends the exercises that test students' understanding of the material covered in each section.

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An Introduction to the Economics of Information by Richard Watt, Inés Macho-Stadler, J. David Pérez-Castrillo Estimated delivery 3-12 business days Format Paperback Condition Brand New 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. Publisher Description In this revised second edition, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals and 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 writtenfor a one-semester course for advanced undergraduates taking specialized course options, and for first-year postgraduate students of economics or business.After an introduction tothe 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 theorybefore 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 extendedexercises 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. Author Biography Inés Macho-Stadler is Professor of Economics and David Pérez-Castrillo is Associate Professor of Economics at the Universitat Autonoma de Barcelona. They gained Ph.D.s in Economics from the Ecole Hautes Etudes en Sciences Sociales (Paris).; 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). Details ISBN 0199243255 ISBN-13 9780199243259 Title An Introduction to the Economics of Information Author Richard Watt, Inés Macho-Stadler, J. David Pérez-Castrillo Format Paperback Year 2001 Pages 302 Edition 2nd Publisher Oxford University Press GE_Item_ID:137008775; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

  1. This textbook is a fantastic resource for understanding contracting under asymmetric information, clearly explaining key concepts in modern microeconomics. The authors break down complex ideas into digestible sections, making it great for grad students. The examples and analysis help deepen your grasp of incentive structures and optimal contracts. Easy to follow yet rigorous—highly recommend for anyone studying economic theory!

    Wojciech Gałka

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