10140308
Advanced Lecture Course
WiSe 21/22: Information Economics (V)
Jana Friedrichsen, Andreas Asseyer
Comments
Inhalte & Qualifikationsziele
The lecture introduces the theory of markets under incomplete information. In contrast to the standard model of the neoclassical equilibrium theory, we will analyze settings in which one side of the market is better informed than the other side. We study the theory in several different applications such as product markets under quality uncertainty, labor markets, insurance markets, and credit markets.
Content
- Incomplete quality information
- Equilibrium under adverse selection
- Warranties
- Moral hazard and reputation
- Labor markets
- Efficiency wages
- Education as a signal
- Insurance markets
- Adverse selection
- Moral hazard
- Credit markets
- Optimal contracts
- Credit rationing
- Collateral
- Principal-agent model
- Revelation principle
- Moral hazard
- Incomplete price information
- Monopoly price paradox
- Price dispersion
- Price bargaining
Literature
- Diamond, P. und M. Rothschild, Uncertainty in Economics: Readings and Exercises, New York (Academic Press) 1978
- Hirshleifer J. und J. G. Riley The Analytics of Uncertainty and Information, Cambridge (Cambridge University Press) 1992
- Phlips, L. The Economics of Imperfect Information, Cambridge (Cambridge University Press) 1988
- Rasmusen, E. Games and Information, Cambridge (Blackwell) 1995.
- Bolton, P., and M. Dewatripont. Contract theory, Cambridge (MIT press) 2005.
Termine
Siehe Vorlesungsverzeichnis
Anrechenbarkeit
Zugangsvoraussetzungen & Vorkenntnisse
Anmeldung
CampusManagement
Prüfungsleistung
Klausur
Kurssprache
Englisch
Kontakt
close17 Class schedule
Regular appointments
Fri, 2021-10-22 12:00 - 14:00
Fri, 2021-10-29 12:00 - 14:00
Fri, 2021-11-05 12:00 - 14:00
Fri, 2021-11-12 12:00 - 14:00
Fri, 2021-11-19 12:00 - 14:00
Fri, 2021-11-26 12:00 - 14:00
Fri, 2021-12-03 12:00 - 14:00
Fri, 2021-12-10 12:00 - 14:00
Fri, 2021-12-17 12:00 - 14:00
Fri, 2022-01-07 12:00 - 14:00
Fri, 2022-01-14 12:00 - 14:00
Fri, 2022-01-21 12:00 - 14:00
Fri, 2022-01-28 12:00 - 14:00
Fri, 2022-02-04 12:00 - 14:00
Fri, 2022-02-11 12:00 - 14:00
Fri, 2022-02-18 12:00 - 14:00
Fri, 2022-02-25 12:00 - 14:00