Information and Incentives
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.
- Credit will be granted for only one of ECON 551, ECON 540C.
Graduate course in the Economics program offered by the Faculty of Graduate Studies.