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Author:   Ian Molho (University of Newcastle)
Publisher:   John Wiley and Sons Ltd
Imprint:   Wiley-Blackwell
Dimensions:   Width: 15.20cm , Height: 2.00cm , Length: 23.10cm
Weight:   0.435kg
ISBN:  

9780631206668

ISBN 10:   0631206663
Pages:   276
Publication Date:   19 September 1997
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock  
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Table of Contents

List of Figures. List of Tables. Preface. 1. Introduction: Private Information and Hidden Action. Part I: Adverse Selection: The Market for Lemons. . 2. Quality Uncertainty and the Market for Lemons. 3. Adverse Selection: The Wilson Model. 4. Lemons Problems: Experimental Evidence. Part II: Signalling. 5. Job Market Signalling. 6. Screening: A Self-Selection Mechanism. 7. Further Literature on Signalling Theory. 8. Signalling/Screening Behaviour: Experimental Evidence. Part III: Moral Hazard. 9. Moral Hazard: Shareholder/Management Relations. 10. Moral Hazard: A Principal-Agent Model. 11. Further Literature on Moral Hazard and Agency Theory. 12. Moral Hazard: Experimental Evidence. Part IV: Mechanism Design: Applications to Bargaining and Auctions. . 13. Mechanism Design and the Revelation Principle: A Bargaining Example. 14. Auction Design: Theory. 15. Auction Design: Experimental Evidence. 16. Concluding Comments. Appendix: Brief Notes on Probability Distributions, Baye's Rule, Expected Utility Theory and Game Theory. Index.

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Author Information

Ian Molho is Reader in Applied Microeconomics in the Department of Economics, University of Newcastle. He was previously a research fellow at the University of Kent and his varied research interests include labor markets, game theory, the economics of information and evolutionary economics.

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