The book covers the principal areas of research in the microeconomics of riskand information. Keeping to a strict two-dimensional environment, the relationship with intermediate undergraduate microeconomics is made clear. While an integral part of the book, the mathematics is presented at an introductory level. RICHARD WATT is Associate Professor of Economics in the Department of Economics and Finance at the University of Canterbury, New Zealand. INDICE: - Introduction - I INDIVIDUAL DECISION MAKING UNDER RISK - Risk and preferences - Risk aversion - Applications - II RISK SHARING ENVIRONMENTS - Perfect information - Adverse selection - Moral hazard - APPENDICES - Mathematical toolkit - A primer on consumer theory - -
- ISBN: 978-0-230-28080-9
- Editorial: Palgrave MacM
- Encuadernacion: Rústica
- Páginas: 240
- Fecha Publicación: 11/05/2011
- Nº Volúmenes: 1
- Idioma: Inglés