14.124 Microeconomic Theory IV, Spring 2003
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14-124-spring-2003/contents/index.htm
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33.49 KB
Format
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Checksum (MD5)
1a51cb1abbf68a665a00a8cb9e54ead1
Author(s)
Holmstrom, Bengt
Alternative Title
Microeconomic Theory IV
Date Issued
June 2003
Abstract
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.
Subjects
information
economics
microeconomic theory
money
risk sharing
moral hazard
adverse selection
signaling
screening
mechanism design
decision making
uncertainty
Decision-making
information economics
incentive theory
contract theory
choice
choices
microeconomic analysis
risk
MIT Department
Massachusetts Institute of Technology. Department of Economics
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