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Root number
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8305 |
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Semester
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FS2023 |
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Type of course
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Lecture |
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Allocation to subject
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Economics |
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Type of exam
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Written exam |
| Title |
The Economics of Information |
| Description |
This course deals with selected topics in the economics of information. We analyze transactions where the parties have different information. In the market for used cars the seller typically has superior information about the vehicle than the buyer; in labor markets the principal cannot monitor the agent’s effort; in insurance markets insurance companies cannot tell the risk of those applying for insurance; in credit markets banks often cannot ascertain the riskiness of the projects they intend to finance. The theory explains phenomena such as warranties for used cars, stock-options for managers, deductibles in insurance contracts, and rationing in credit markets. All these mechanisms try to solve the problems created by asymmetric information.
Readings: J.J. Laffont: The Economics of Uncertainty and Information, MIT Press, 1989. Macho-Stadler and D. Pérez-Casrillo: An Introduction to the Economics of Information, Oxford University Press 1997
Language: English
Credits: 3 SWS / 4.5 ECTS
Evaluation: written exam in English
Lectures: Wednesday, 16:15 - 18:00h, 114, H4
Exercises with Severin Lenhard (severin.lenhard@unibe.ch)
Tuesdays, 16.15 -17.00 hrs, 206, H4
1st exam: Wednesday, 31.05.2023, 16.15 - 17.45 h, 114, H4
2nd exam: Wednesday, 13.09,2023, 16.15 - 17.45 h, 114, H4 |
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ILIAS-Link (Learning resource for course)
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No registration/deregistration in CTS (Admission in ILIAS possible).
ILIAS
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Link to another web site
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| Lecturers |
Prof. Dr.
Winand Emons, Department of Economics ✉
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Dr.
Severin Jean-Jacques Lenhard, Department of Economics
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ECTS
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4.5 |
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Recognition as optional course possible
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Yes |
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Grading
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1 to 6 |
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| Dates |
Wednesday 16:15-18:00 Weekly
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Tuesday 16:15-17:00 Weekly
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Wednesday 13/9/2023 16:15-17:45
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| Rooms |
Hörraum 114, Hauptgebäude H4
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Seminarraum 206, Hauptgebäude H4
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| External rooms |
114, H4
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| Students please consult the detailed view for complete information on dates, rooms and planned podcasts. |
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