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14.124 Microeconomic Theory IV | Economics

The topic of the class is information economics. The purpose is to give an introduction to some of the main subjects in this field: risk sharing, moral hazard, adverse selection (signaling, screening), mechanism design, decision making under uncertainty. These subjects (and others) will be treated in more depth in the advanced theory courses on Contract Theory.... Show More

Keywords:: signaling, microeconomic theory, screening, microeconomic analysis, Decision-making, money, moral hazard, mechanism design, uncertainty, contract theory, economics, incentive theory, decision making, information economics, risk, Microeconomics, information, risk sharing, choice, adverse selection, choices

Disciplines:

Business / Economics

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More about this material

Material Type:: Online Course
Date Added to MERLOT:: May 12, 2016
Date Modified in MERLOT:: May 13, 2018
Author:: Holmstrom, Bengt
Submitter:: Barbra Bied Sperling

Primary Audience:: Graduate School
Technical Format:: Website
Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: No
Creative Commons:: This work is licensed under a Attribution-NonCommercial-ShareAlike 3.0 United States

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