5 edition of Economic Analysis of Information and Contracts found in the catalog.
June 30, 1988
Written in English
|Contributions||Gerald A. Feltham (Editor), Amin H. Amershi (Editor), William T. Ziemba (Editor)|
|The Physical Object|
|Number of Pages||436|
I. THE ECONOMIC ANALYSIS OF CONTRACT LAW A. Premises and Basic Results The economic analysis of contract law is too familiar to warrant an extended discussion; there are also several excellent surveys. 5 Fundamental assumptions, common to nearly all efforts at economic analysis, are that. Economic analysis is marginal analysis. In marginal analysis, one examines the consequences of adding to or subtracting from the current state of affairs. Consider, for example, an employer's decision to hire a new worker. The employer must determine the marginal benefit of hiring the additional worker as well as the marginal cost.
The economics of information is possibly the area of economic theory that has evolved most over the past fifteen years. Developed in parallel with the new economics of Industrial Organization, its importance and applications have grown spectacularly. Its objective is to study the situations in which agents attempt to overcome their ignorance about some relevant information . insurance contracts, all of which at least broke even, such that there did not exist another insurance contract which, if offered, would make a profit. Since. INFORMATION AND ECONOMIC ANALYSIS: A PERSPECTIVE 25 then, there have been several attempts to find alternative equilibrium.
Economic Analysis of Contract Law The empirical investigations by the economists and legal economists came to the conclusion that resort to legal remedies by the parties to the contract is minimal due to heavy litigation costs or due to the reputation of a person in the trading community. In economics, contract theory studies how economic actors can and do construct contractual arrangements, generally in the presence of asymmetric information. Because of its connections with both agency and incentives, contract theory is often categorized within a field known as Law and economics.
Reading reform experiments.
Top brass, six minutes for twelve
Probabilities of medium and large deviations with statistical applications
Lionel Fitzgibbon and his parrot.
The Glass Highway
R. J. Richardson
All about tomatoes
Polish peasants costumes
The chronic diseases
Remarks on the present phase of international economic relations (September 1937)
Economic Analysis of Information and Contracts Essays in Honor of John E. Butterworth Editors: Feltham, Gerald A., Amershi, Amin H., Ziemba, William T. (Eds.). This book examines the main issues arising in economic analysis of contract law with special attention given to the incomplete contracts.
It discusses both the main features of contract law as they relate to the problem of economic exchange, and how the relevant legal rules and the institutions can be analysed from an economic : Hardcover. Given the importance of contract theory in modern Economics, undoubtedely this is the first book to be read.
Each chapter is full of examples and graphs that help to understand the mathematics underneath. The reader is supposed to know Kuhn-Tucker theorem, so any advanced undergraduate student in economics should be able to read by: Economic Analysis of Information and Contracts Essays in Honor of John E.
Butterworth. Editors This book is an attempt to remember him. We dedicate the volume to John with thanks for the contributions he made to our research, to the Faculty of Commerce and Business Administration at the University of British Columbia, and to the accounting.
This book examines the main issues arising in economic analysis of contract law with special attention given to the incomplete contracts. It discusses both the main features of contract law as they relate to the problem of economic exchange, and how the relevant legal rules and the institutions can be analysed from an economic : Palgrave Macmillan.
The Economics of Contracts-Theories and. Applications. This book draws partially from a spe cial issue of the Revue d'Eco the economic analysis of.
economics happened in information economics Information economics analyzes Consequences of informational asymmetries between actors Optimal design of contracts, institutions, etc. to deal with them Examples: Insurance companies have imperfect information about the risk characteristics of their clients ⋆ Adverse selection ⋆ ScreeningFile Size: KB.
Economic Analysis. This book covers the following topics: Managerial Economics, Objectives Of The Business Firm, Fundamental Economic Concepts, Law Of Demand, Demand Elasticity, Demand Forecasting, Consumer Behaviour: Cardinal Analysis, Ordinal Analysis, Production Function, Economies Of Scale, Cost Concepts, Price Determination: Perfect Competition And.
Moral hazard with private information (ex ante contract acceptance) 4B. Applications 4B. Competition between insurance companies 4B An analysis of optimal licensing contracts 4B Regulation in asymmetric information contexts 4B Decision of monopoly product quality Exercises 4C.
Advanced Themes 4C. AN ECONOMIC THEORY OF CONTRACT “[T]he movement of the progressive societies has hitherto been a movement from Status to Contract.” Henry Maine, ANCIENT LAW () “Whoever offers to another a bargain of any kind, proposes to do this: Give me that which I want, and you shall have this which you want, is the meaning ofFile Size: KB.
This book examines the main issues arising in economic analysis of contract law with special attention given to the incomplete contracts.
It discusses both the main features of contract law as they relate to the problem of economic exchange, and how the relevant legal rules and the institutions can be analysed from an economic perspective.
Contract law governs agreements between parties. This paper contains the chapters on contract law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, ).
Chapter 13 presents an overview of the subject. Chapter 14 is concerned with contract formation, that is, Cited by: 9. • Bernard Salani´e, The Economics of Contracts: A Primer, MIT Press, • In´es Macho-Stadler and J. David P´erez-Castrillo, An Introduction to the Economics of Information: In-centives and Contracts, Oxford University Press, Bolton and Dewatripont’s book is available in the University Bookstore and all of the above books are also.
NBER Program (s): Law and Economics Contract law governs agreements between parties. This paper contains the chapters on contract law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, ).
Chapter 13 presents an overview of the by: 9. ABSTRACT Contract law governs agreements between parties. This paper contains the chapters on contract law from a general, forthcoming book, Foundations of Economic Analysis of Law(Harvard University Press, ).
Chapter 13 presents an overview of the subject. Introduction to Economic Analysis Version by R. Preston McAfee J. Stanley Johnson Professor of Business, Economics & Management California Institute of Technology Begun: J This Draft: Novem This book presents introductory economics (“principles”) material using standard mathematical tools, including Size: 2MB.
This is a graduate textbook on the theory of contracting under asymmetric information, a key part of modern microeconomic theory. It examines the characteristics of optimal contracts when one party has certain relevant knowledge that the other party does not/5(10).
Updated in its Seventh Edition, ECONOMIC ANALYSIS OF LAW is the preeminent work in its field, covering the legal-economic perspective on. COVID Resources.
Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to.
concepts in the economic analysis of contracts, the notion of the “ hybrid form ” proposed by Williamson (), drew directly on Macneil ’ s () socio-legal analysis.
This text provides an invaluable introduction to the mathematical tools that undergraduate economists need. The coverage is comprehensive, ranging from elementary algebra to more advanced material, whilst focusing on all the core topics that are usually taught in undergraduate courses on mathematics for economists.4/5(1).In this revised second edition, An Introduction to the Economics of Information covers the consequences for the character and efficiency of the interaction between individuals and organizations when one party has more or better information on some aspect of the relationship.
This is the condition of asymmetric information, under which the information gap will be .Economic Analysis of the Digital Economy explores the economic impact of digitization, with each chapter identifying a promising new area of research.
The Internet is one of the key drivers of growth in digital communication, and the first set of chapters discusses basic supply-and-demand factors related to access.