麦肯光明-AsymmetricInformation详解.pptVIP

Managerial Economics Zhigang Tao Asymmetric Information asymmetric v imperfect information strategic misrepresentation adverse selection appraisal screening signaling Question-1 “Life insurance for everyone: No questions asked, no medical examination.” Good or bad deal? Question-3 How to convince a potential employer that you are loyal and productive? Imperfect Information distinguish: imperfect information asymmetric information risk: uncertainty about benefits or costs arises from imperfect information risk aversion insurance Antique Market 1000 fakes and Q thousand genuine items Actual