An Introduction to the Economics of Information

• Fully revised edition including additional exercises

Readership: Graduate students of economics, with some advanced undergraduate potential. A core text for courses on the economics of information; supplementary reading for general microeconomics and industrial organization courses.

Inés Macho-Stadler, Professor of Economics, Universitat Autonoma de Barcelona, and J. David Pérez-Castrillo, Associate Professor of Economics, Universitat Autonoma de Barcelona

"It is a timely contribution to the discipline of Economics as a whole and in particular to Information Economics." - Ian Jackson, Staffordshire University

1: Introduction
2: The Base Model
3: The Moral Hazard Problem
4: The Adverse Selection Problem
5: Signalling
Mathematical Appendix
Additional Exercises