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178.307 Markets, Firms and Consumers

178.307 Markets, Firms and Consumers. Lecture 3- Human Resource Management. Background Readings 5: p126-32, 154-59 6: p167-70, 179-83 8: p250-54 Chapters 12-13 Peter Earl Canice Prendergast. Key Concepts Bounded Rationality-Incomplete Contracts Signalling Moral Hazard

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Economics of Information

Chapter 17. Economics of Information. Asymmetric Information: Adverse Selection and Moral Hazard. Recap. Until now, we have assumed that both buyers and sellers involved in a transaction possess the same amount of information about the product and the service.

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178.307 Markets, Firms and Consumers

Economics of Information