The Economics of Asymmetric Information by B Hillier

The Economics of Asymmetric Information by B Hillier

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Summary

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.

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The Economics of Asymmetric Information by B Hillier

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.
SKU Unavailable
ISBN 13 9780333647509
ISBN 10 0333647505
Title The Economics of Asymmetric Information
Author B Hillier
Condition Unavailable
Binding Type Paperback
Publisher Bloomsbury Publishing PLC
Year published 1997-04-07
Number of pages 208
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.