The Economics of Asymmetric Information
Download or Read eBook The Economics of Asymmetric Information PDF written by B. Hillier and published by Bloomsbury Publishing. This book was released on 1997-04-07 with total page 199 pages. Available in PDF, EPUB and Kindle.
| Author | : B. Hillier |
| Publisher | : Bloomsbury Publishing |
| Total Pages | : 199 |
| Release | : 1997-04-07 |
| ISBN-10 | : 9781349254859 |
| ISBN-13 | : 1349254851 |
| Rating | : 4/5 (59 Downloads) |
Book Synopsis The Economics of Asymmetric Information by : B. Hillier
Book excerpt: This book presents recent developments in the economics of asymmetric information. The problems of selection and moral hazard, with hidden actions or hidden information, are introduced by examining how they affect the market for investment finance. The ideas are then used to analyse the market for insurance, signalling and screening models of education, efficiency wages, industrial regulation, public procurement and auctions. Coverage is thorough while avoiding excessive mathematical detail. Diagrams and verbal reasoning make the ideas accessible to intermediate level undergraduate students and beyond.
