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Information economics

Author: Urs W Birchler; Monika Bütler
Publisher: London ; New York : Routledge, 2007.
Series: Routledge advanced texts in economics and finance.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"The concepts covered in this book cast light on many issues from genetic testing to life insurance and pensions to banking and finance and would be of great interest for both undergraduate and postgraduate students interested in information and its role in individual decision making, markets, financial disturbances, and macroeconomics. This is an ideal textbook for students seeking a way in to understanding the key  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Urs W Birchler; Monika Bütler
ISBN: 041537345X 9780415373456 0415373468 9780415373463 0203946553 9780203946558
OCLC Number: 212582021
Description: xxiii, 462 pages : illustrations ; 24 cm.
Contents: 1. Why study information economics? --
2. How to use this book --
pt. I. Information as an economic good --
3. What is information? --
4. The value of information --
5. The optimal amount of information --
6. The production of information --
pt. II. How the market aggregates information --
7. From information to prices --
8. Knowing facts or reading thoughts? --
9. Coordination problems --
10. Learning and cascades --
11. The macroeconomics of information --
pt. III. Asymmetric information --
12. The winner's curse --
13. Information and selection --
14. Optimal contracts --
15. The revelation principle --
16. Creating incentives --
pt. IV. The economics of self-knowledge --
17. Me, Myself, and I.
Series Title: Routledge advanced texts in economics and finance.
Responsibility: Urs Birchler and Monika Bütler.
More information:

Abstract:

Presents an introduction to the study of how information affects economic relations. This title provides a narrative treatment of the more formal concepts of Information Economics, using easy to  Read more...

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"If you teach advanced undergraduate microeconomics, you should be interested in this book. Birchler and Buetler have served up something genuinely novel and substantive here." - Matthew Ryan, New Read more...

 
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