14.124 Microeconomic Theory IV

The topic of the class is information economics. The purpose is to give an introduction to some of the main subjects in this field: risk sharing, moral hazard, adverse selection (signaling, screening), mechanism design, decision making under uncertainty. These subjects (and others) will be treated in more depth in the advanced theory courses on Contract Theory.

Author: Prof. Bengt Holmstrom
Organization: Massachusetts Institute of Technology

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