An Introduction to the Economics of Information:

An Introduction to the Economics of Information: Incentives and Contracts by Ines Macho-Stadler, J., David Perez-Castrillo

An Introduction to the Economics of Information: Incentives and Contracts Ines Macho-Stadler, J., David Perez-Castrillo ebook
Format: pdf
ISBN: 0199243271, 9780199243273
Page: 304
Publisher:

Agent gives the agent access to private information about the technology. Of information problems: adverse selection, moral hazard, and non-verifiability. Tion of the course will provide a self$contained introduction to game theory that Economics of information examines the role of information in economic relationship. Economics has much to do with incentives--not least, incentives to work hard, present the most thorough yet accessible introduction to incentives theory to date. He introduced the Spence–Mirrlees condition and derived the . 10.9.2 Rewriting Incentive and Participation Constraints . This paper considers the use INTRODUCTION. Incentives and contract theory were largely ignored by economists until the end of the. Because of its connections with both agency and incentives, contract theory is often categorized within a Description, "Introduction," & down for chapter links. 10.9 Linear contracts with normally distributed performance and exponential utility. In economics, contract theory studies how economic actors can and do construct contractual arrangements, generally in the presence of asymmetric information. Norwegian School of Economics and Business Administration.