An introduction to the economics of information : incentives and contracts / Inés Macho-Stadler, J. David Pérez-Castrillo ; translated by Richard Watt.

An introduction to the economics of information : incentives and contracts / Inés Macho-Stadler, J. David Pérez-Castrillo ; translated by Richard Watt.

Aus dem Span. übers.

xiv, 277 pages : illustrations ; 24 cm

0198774664
0198774672
9780198774679
9780198774662

B 75 MAC.I

A textbook on optimal contract theory, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals or 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 first-year postgraduate students of economics or business and for advanced undergraduates taking specialized course options.

Translated by Richard Watt; a translation, with some minor revisions, of the 1994 edition published by Ariel Economía; [Introducción de la información. English].
A translation, with some minor revisions, of the 1994 edition published by Ariel Economía.

Includes bibliographical references and index.

Oxford : Oxford University Press, 1997.

Spanish