An Introduction to the Economics of Information: Incentives and Contracts

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9780198774662: An Introduction to the Economics of Information: Incentives and Contracts

This is an advanced 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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About the Author:


Inés Macho-Stadler 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).
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).

Language Notes:

Text: Spanish (translation)
Original Language: English

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In?s Macho-Stadler; J. David P?rez-Castrillo; J. David Perez-Castrillo; Translator-Richard Watt
Published by Oxford University Press, USA (1997)
ISBN 10: 0198774664 ISBN 13: 9780198774662
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Book Description Oxford University Press, USA, 1997. Paperback. Book Condition: New. Bookseller Inventory # SONG0198774664

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