An Introduction to the Economics of Information: Incentives and Contracts Ines Macho-Stadler, J., David Perez-Castrillo
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PEREZ-CASTRILLO (1997): An Introduction to the Economics of Information: Incentives and Contracts. 10.9 Linear contracts with normally distributed performance and exponential utility. An Introduction to the Economics of Information: Incentives and Contracts book download. An Introduction to the Economics of Information: Incentives and Contracts Ines Macho-Stadler,. Abstract: This study aims to propose a model for incentive contracts that target to reduce the output variance. Monitoring will increase with a fall in the variance of this information. Performance incentives for contractual compliance are introduced. Does not convey any information.2. Tion of the course will provide a self$contained introduction to game theory that Economics of information examines the role of information in economic relationship. Economics of Information: Incentives and Contracts. Middle East Technical University, Department of Economics. It is obvious that information plays an important role in economic decisions Introduction to Information Economics & Moral Hazard and Incentive Contracts. An Introduction to the Economics of Information: Incentives and Contracts by Inés Macho-Stadler focuses on the speculation of contracting beneath asymmetric information, a key a part of modern microeconomic theory. May have costly side effects that have been largely neglected by economists. 10.9.2 Rewriting Incentive and Participation Constraints . An Introduction to the Economics of Information: Incentives and Contracts. David Pérez-Castrillo, An to the Economics of Information: Incentives and Contracts, Oxford. David Pérez-Castrillo and Inés Macho-Stadler. Second, if the task is noble, introducing monetary incentives can backfire.