Some Notes on Adverse Selection

نویسنده

  • John Morgan
چکیده

This set of lecture notes covers a general model of adverse selection as well as a leading example— that of a price discriminating monopolist— due to Maskin and Riley (1984). At the end of this unit, students should understand the application of the revelation principal to this class of models, the general solution techniques, and the key economic trade-o¤— e¢ ciency versus information rent savings.

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تاریخ انتشار 2014