Information Economics Lectures

Author: Dong Baomin
Publisher:
Publish Date: 2005-03-01
Features: This book is divided into 9 chapters. The first chapter introduces risk and the measurement of risk; the second chapter covers expected and unexpected utility theory; the third chapter provides a simple introduction to decision-making under uncertainty; the fourth chapter discusses information structure and the economic value of information; the fifth chapter is on bargaining problems; the sixth chapter focuses on auction theory; the seventh chapter analyzes moral hazard; the eighth chapter examines adverse selection; the ninth chapter discusses optimal insurance under asymmetric information.