GPA

3.62

RedditCatalog

An introduction to the economics of information. Key topics considered are non-expected utility theory and the various implications of asymmetric information-either hidden action(s) and/or hidden types, including extensions of the basic principal-agent model as well adverse selection issues, mechanism design, and screening/signaling models. Other topics that may be considered include the value of information/real option theory, herd behavior, capital asset pricing models, stochastic calculus and options pricing models, organizational decision making, search theory and price dispersion models, and herd behavior. Prerequisite: ECON 60600.

Restrictions

Attachments