ECON 551

Information and Incentives

Units: 1.5

Introduction to the incentive problems that arise from asymmetric information in a game-theoretic framework. Assumes a knowledge of basic game theory. Topics covered include moral hazard, adverse selection and mechanism design, illustrated in the context of applications drawn from a variety of areas, including industrial organization, public economics, and labour.

Note: Credit will be granted for only one of 551, 540C.

Graduate course in the Economics program administered by the Faculty of Graduate Studies.