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The Economics of Uncertainty and Information

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Title: The Economics of Uncertainty and Information
by Jean-Jacques Laffont, John P. Bonin, Hélène Bonin
ISBN: 0-262-12136-0
Publisher: MIT Press
Pub. Date: 01 March, 1989
Format: Hardcover
Volumes: 1
List Price(USD): $48.00
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Average Customer Rating: 5 (1 review)

Customer Reviews

Rating: 5
Summary: Great Textbook and Great Manual
Comment: This is really a great book: it is exhaustive and concise at the same time. Starting with the foundation of the theory of choice under uncertainty, it covers the topics of information structure, general equilibrium under uncertainty, and the typical asymmetric information topics: moral hazard and adverse selection. Given its completeness can be naturally used as a reference manual. And given the author's clarity of exposition can be also used as textbook.

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