Information Economics (21st Century University Economics Major Series Textbooks)

Author: Chen Ruihua
Publisher:
Publish Date: 2003-10-07
Features: This book defines information economics as a theory that studies transaction relationships and contract arrangements under asymmetric information conditions, with the fundamental idea being how market information affects people's economic behavior and outcomes. It provides as comprehensive and detailed an introduction to information economics as possible. From this perspective, this book Information Economics is also a result of exploring the system, scope, and content of this discipline. Since information economics is built on a relatively systematic economics and complex mathematical foundation, for many readers, in-depth understanding and complete mastery of this subject require considerable effort. Nevertheless, this book strives for concise language, gradual analysis, and a progressive content arrangement. For this purpose, the book assumes that readers have mastered basic courses such as microeconomics and economic mathematics, and it explains the fundamental concepts, principles, analytical methods, and classic models of information economics using relatively simple economic and mathematical language. At the same time, it cites numerous examples to facilitate further understanding. Readers will quickly discover that reading Information Economics is not a dull or difficult task.