Chapter 17 Markets with Asymmetric Information Topics to be Discussed Quality Uncertainty and the Market for Lemons Market Signaling Moral Hazard The Principal-Agent…
1. Confessions of a Theorist: Why Reality is Overrated1 Bart Lipman Boston University March 28, 2013 1 Very loosely based on Dekel and Lipman, “How (Not) to Do DecisionTheory”…