This is a graduate textbook on the theory of contracting under asymmetric information, a key part of modern microeconomic theory. It examines the characteristics of optimal contracts when one party has certain relevant knowledge that the other party does not. The various problems are presented in the same framework to allow easy comparison of the different results. This updated second edition substantially extends the exercises that test students' understanding of the material covered in each section.
This is a graduate textbook on the theory of contracting under asymmetric information, a key part of modern microeconomic theory. It examines the char...
The Microeconomics of Risk and Information covers the principal areas in the field, including risk aversion, simple portfolio theory, precautionary savings, production under risk, risk sharing in the Edgeworth box, adverse selection and moral hazard. Keeping to a strict two-dimensional environment and using only some basic calculus, this textbook is written principally for students of advanced undergraduate and beginning graduate courses in economics, finance, and other fields, who have studied microeconomics at the intermediate level. Compact and clear, the book reflects the author's...
The Microeconomics of Risk and Information covers the principal areas in the field, including risk aversion, simple portfolio theory, precautio...
This text covers the basic essentials of unilateral decision making under risk and then extends this analysis to two transacting individuals with an informational asymmetry. It contains graphical and mathematical analyses to help students understand the concepts.The book slots in between intermediateand postgraduate microeconomics."
This text covers the basic essentials of unilateral decision making under risk and then extends this analysis to two transacting individuals with an i...
In 1978, Andrew Macintyre was 15 years old and on the greatest adventure of his life when he was drawn into the troubled life of Karla, the woman who would disturb his dreams for the next 25 years. He has buried the memory of what she did to him ever since, but an encounter with her brother reveals a shocking reality he can't ignore.
He travels back to the village in Germany he only dimly remembers and the truth is slowly revealed to him; the truth about the boy he was, and about the man he might yet be. Clare, the girl he worshipped...
Some memories aren't really memories at all...
In 1978, Andrew Macintyre was 15 years old and on the greatest adventure of his life when he was ...
