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Information Economics

Urs Birchler | Monika Bütler
€107.99
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A01=Monika Butler
A01=Urs Birchler
advanced information asymmetry analysis
alice
Arrow Securities
Asymmetric Information
Author_Monika Butler
Author_Urs Birchler
Bad Signal
Bank Run
behavioural economics
bob
Category=KCA
Category=KCC
Category=KCH
Category=PBW
constraint
contract theory
contracts
Coordination Game
decision theory
Efficient Market Hypothesis
Elementary Game
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
equilibria
Higher Order Beliefs
incentive structures
Inflation Forecasts
Information Structures
Informational Efficiency
Late Diers
Marginal Cost
market signalling
microeconomic theory
Multiple Equilibria
nash
optimal
Optimal Contract
participation
Participation Constraint
Posterior Probabilities
Price Dispersion
private
Rational Inattention
signal
Signal Precision
Social Optimum
Strategic Complements
Subordinated Debt
Uninformed Player
Vice Versa

Product details

  • ISBN 9780415373456
  • Weight: 752g
  • Dimensions: 156 x 234mm
  • Publication Date: 12 Jul 2007
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

This new text book by Urs Birchler and Monika Butler is an introduction to the study of how information affects economic relations. The authors provide a narrative treatment of the more formal concepts of Information Economics, using easy to understand and lively illustrations from film and literature and nutshell examples.

The book first covers the economics of information in a 'man versus nature' context, explaining basic concepts like rational updating or the value of information. Then in a 'man versus man' setting, Birchler and Butler describe strategic issues in the use of information: the make-buy-or-copy decision, the working and failure of markets and the important role of outguessing each other in a macroeconomic context. It closes with a 'man versus himself' perspective, focusing on information management within the individual.

This book also comes with a supporting website (www.alicebob.info), maintained by the authors.

About Monika Butler | Urs Birchler
Urs Birchler is Director at the Swiss National Bank and a former member of the Basel Committee on Banking Supervision. He has taught at the universities of Zurich, Berne, St. Gallen and Leipzig. Monika Butler is Professor of Economics and Public Policy at the University of St. Gallen, CESifo Fellow and CEPR affiliate.

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