Ta Presentasi Ch 12

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STANDARD SETTING:ECONOMIC ISSUES

MEIDINA AYU

RYAN NOOR Y

SANDY PRAT

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KonsepProduksiinformasi

Kegagalanpasar –

peran untukregulasi

Externalities& freeriding

Adverseselection

MoralHazard

Lack ofanimity

Privateincentive for

informationproduction

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PENDAHULUAN

 Dala !a"#$ !%&a'"(& ($() *a$+a' ,a&( ($,#-!( %*#a! ,ala ./la '%&a$+a P%$%&*a$2a$) .%$2a$2'#!a$) a-a '%#,a$ !%l%'/#$('a-( a,ala" %&#.a'a$ /$!/" ,a&( ($,#-!&+a$2 !%la" ,(a!#& -%a&a 4/&al %#,(a$ .%&!a$+aa$ -%la$+a(!# a.a'a" a!#&a$ +a$2 a'a$ ,(*#a! ($( %$(*#l'a$ *a$+

'/.%!%$-( ,a$ ($/a-( a!a# *a"'a$ -%*al('$+a *a"a .%$a!#&a$ *a&# ($( a'a$ %$(*#l'a$ 'a'aa#a$ Na#$ .%*a%$2%$a( .&/ ,a$ '/$!&a .a,a .%$+#-#$a$ -!a$,a& %*a$!# '(!a ,ala %l("a! !&a,% / +a$2 !%l(*a! %$2%'-.&%-('a$ .%&a$ .%$!($2 ($4/&a-( ,ala l($2'#$2a$

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REGULASI ATIITASEONOMI

 A'#$!a$-( #2a ,(.%$2a&#"( /l%" &%2#la-( +a$2 ,(&a$a$2 #$!#' %a$!(-(.a-( !%&"a,a. a-(%!&( ($4/&a-( P%&a$ .%$!($2 .a,a a'#$!aa#,(! a,ala" #$!#' %la./&'a$ ($4/&a-( +a$2 &%l%a$ ,a$ ,(a$,al'a$) -%"($22a ,%$2a$ ,%('(a$ a'a$ %$2#&a$2( a-(%!&( ($,( a$!a&a .("a' .%&#-a"aa$) ,a$ .%$22#$a la($$+a Na#$ ,ala #2a .%&l# ,(($2a! *a"a .%&a$ ($( %*#!#"'a$ a#,(!/& +a$2 '&%,

'/.%!%$ #$!#' %$(.!a'a$ -#a!# -!a$,a& .%la./&a$ +a$2 !($22(

 Dala %.%&!(*a$2'a$ a-ala" ($4/&a-() a'a !%&,a.a! ,#a "a'a$ ,(2#$a'a$ -%*a2a( a#a$ ,ala %*a$!# #$!#' %*%,a'($4/&a-( +a$2 #$2'($ ,((l('( /l%" a$a%& +a(!# '%.%(l('a$.&/($4/&a-( ,a$ $/$ .&/.&(%!a&+ ($4/&a-(

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PRIAT INSENTIF UNTUINFORMASI PRODUSI

 I$4/&a-( a,ala" '//,(!a- +a$2 '/.l%'- ;%*%&a.a a&a #$%$aa* .%&!a$+aa$ %$2%$a( #la" ($4/&a-( +a$2 "a&#-,(.&/,#'-( a!a# ,("a-(l'a$ :

1 F($%& ($4/&a!(/$ <($4/&a-( l%*(" l#a-=

> A,,(!(/$al ($4/&a!(/$ <($4/&a-( !a*a"a$=

3 C&%,(*(l(!+

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SUM;ER EGAGALAN PASA

E'-!%&$al(!a- F&%%?&(,($2

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PEMILIHAN PENGHINDARAERUGIAN

 Dala '/$!%'- ($() a,a ,#a %&-( a-ala" -%l%'-( +a$2 %&#2('a$ P+a(!# a-ala" %$2%$a( insider trading @('a '%-%.a!a$ (!# a,a.("a' ,ala #$!#' %$,a.a!'a$ '%#$!#$2a$) a'a '%-%.a!a$ !a'a$ ,(2#$a'a$ /l%" /&a$2 +a$2 %$2($2($'a$$+a) ,a$ ($%-!/& l#%$2a$2a. *a"a .a-a& -%'#&(!a- *%&ala$ -%*a2a(a$a %-!($+a

 %&-( '%,#a ,ala "al -%l%'-( +a$2 %&#2('a$ a,ala" !(*#l a$a%& +a$2 %$2%!a"#( *%&(!a *#&#' !%$!a$2 a-a ,%.a$ .%&#!(,a' %$2%l#a&'a$ ($4/&a-( !%&-%*#!) ,%$2a$ ,%('(a$ "al ($%$#$,a a!a# %$2"($,a&( '%"a$#&a$ &%.#!a-( %&%'a) ,a$ '/$-%'#%$-($+a +a(!# a'a$ %$2a'(*a!'a$ a,a$+a .%$2#&a$2a$ $(l.a-a& !%$a2a '%&a a%&(al

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RESIO MORAL

 M%$2($2a! *a"a #-a"a a$a%& -%a&a !(.('al !(,a' ,(/*-%&a-( .a,a .%(l(' .%&#-a"aa$ ,a$ .a-a&) '/$-%'#-$-($+a +a(!# a$a%& !(,a' a'a$ *%&#-a"a %a'-(al'a$ ala$$+a .%&#-a"aa$ -%"($22a .a-a& !%$a2!(,a' a'a$ *%&ala$ ,%$2a$ *a('

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UNANIMITY

 a&a'!%&(-!(' %'/$/( ,%$2a$ .a-a& +a$2 !(,a' *%'%&a ,%$2aa,ala" '#&a$2$+a '%*#la!a$ -#a&a) +a$2 *%&a-al ,a&( %4%' a-%l%!(/$ ,a$ &(-('/ /&al *a&# -aa ,(%la-'a$ @('a .a-a& *,%$2a$ *a(') .%%2a$2 -a"a a'a$ -%a&a *#la! %$,a$a%& %a'-(al'a$ $(la( .a-a& .%&#-a"aa$ %!('a .a-a*a(' 'a&%$a a,%&-% -%l%!(/$ ,a$ &(-('/ /&al) "al ($( !(,a'!%&a,( E'%&$ ,a$ W(l-/$ <197= %.%laa&( a-ala" ($( *%&',%$2a$ .&/,#'-( B-(' .%&#-a"aa$ +a(!#) %$(- ,a$ #la" +a$2 a'a$ ,("a-(l'a$ ,a$ %$#$#''a$ *a"a .(l("a$ &%$a$a .&/,#'-( %a'-(al'a$ $(la( .a-a& .%&#-a"aa$ !(,a-%a&a ## "a&#- ,(-%!##( /l%" -%l#&#" .%%2a$2 -a"a '/$,(-( .a-a& !%&!%$!#

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MARET?;ASED INCENTIFOR INFORMATION

PRODUCTION P&(a!% ($%$!(%- *a2( .a&a a$a%& #$!#' %$2"a-(l'a$ -#a($4/&a-( !%$!a$2 .%&#-a"aa$ #2a *%&a-al ,a&( '%'#a!a$ .a-;%*%&a.a .a-a& +a$2 !%&l(*a!:

1  T"% Ma$a2%&(al La*/#& Ma&'%!

> Ca.(!al Ma&'%!-

3  Ta'%/%& Ma&'%! a!a# .a-a& #$!#' %$2%$,al('a$ .%&#-a"

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SIGNALING

 S%&($2 !%&a,( *a"a -a!# .%&#-a"aa$ ,%$2a$ .%&#-a"aa$la($ %.#$+a( .%&*%,aa$ ,ala '#al(!a- M(-al$+a -.%&#-a"aa$ %(l('( .%l#a$2 ($%-!a-( +a$2 l%*(" *a(' ,a.%&#-a"aa$ la($$+a

 S(2$al a,ala" !($,a'a$ +a$2 ,(a*(l /l%" !(.% -%/&a$2

!($2'a! !($22( +a$2 ,(&a-a !(,a' a-#' a'al ('a ,(l("a! ,a&( -a$a%& !($2'a! &%$,a"