Authors: Inés Macho-Stadler, J. David Pérez-Castrillo
Categories: Business & Economics
Type: BOOK - Published: 2001 - Publisher: Oxford University Press on Demand
In this revised second edition, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals and organizations when one party has more or better information on some aspect of the relationship. This is the condition of asymmetric information, under which