Inés Macho-Stadler, J. David Pérez-Castrillo ; translated by Richard Watt.
2nd ed.
New York :
Oxford University Press,
2001.
xiv, 287 pages :
illustrations ;
25 cm
A translation, with some minor revisions, of the 1994 edition published by Ariel Economía.
Includes bibliographical references and index.
1. Introduction -- 2. The Base Model -- 3. The Moral Hazard Problem -- 4. The Adverse Selection Problem -- Signalling -- Mathematical Appendix: Concavity and Optimization.
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"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 written for a one-semester course for advanced undergraduates taking specialized course options, and for first-year postgraduate students of economics or business."--Jacket.
Introducción de la información.
English
Information theory in economics.
Information, Théorie de l', en économie politique.