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An Introduction to the Economics of Information: Incentives and Contracts

 
 
 
 
An Introduction to the Economics of Information: Incentives and Contracts
Author: Inés Macho-Stadler - J. David Pérez-Castrillo
ISBN 13: 9780199243259
ISBN 10: 199243255
Edition: 2
Publisher: Oxford University Press
Publication Date: 2001-05-17
Format: Paperback
Pages: 304
List Price: $55.00
 
 

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.