平狄克《微观经济学》课后答案17--(汉魅HanMei—经济金融类汇总分享).docVIP

CHAPTER 17 MARKETS WITH ASYMMETRIC INFORMATION TEACHING NOTES Like Chapter 15, this chapter follows a “hub-and-spoke” pattern. The hub, found in the introduction to the chapter, defines asymmetric information. The spokes include Sections 17.1 and 17.3 on adverse selection and moral hazard Section 17.2 on signaling the principal-agent problem in Sections 17.4 and 17.5 and the efficiency wage model in Section 17.6. Although much of the discussion of these topics is conceptual, an algebraic or geometric model is presented in each section and the exercises focus on the intuition behind the mod