Government Intervention

We establish an informative equilibrium, where both the agenda setter and the voters behave strategically, and information is transmitted from the voters to the ... In our approach, the role of aggregate policy is to convey information which would other- wise be more costly to obtain. In particular, the view that monetary ... In the undergraduate program, you will first take foundational courses in microeconomics, macroeconomics, and mathematics. Econ 103 – Principles of Microeconomics · Econ 301 – Intermediate Microeconomics · Econ 210 – Economic Statistics · Highly recommended: Money and banking (325), ... Nov 20, 2024 ... We study competition between heterogeneously informed insurers, showing that their information may or may not be revealed in equilibrium. The sellers know the quality of their car but suppose that the buyers can't tell which used cars are lemons and which are plums. Since the sellers have more ... Feb 12, 2025 ... Microeconomics seeks to understand behaviours and decisions relating to the allocation of resources and the interactions between people and ... Asymmetric information occurs when one party to an economic transaction possesses greater material knowledge than the other party. (2023). Optimal Task Scheduling under Adverse Selection and Hidden Actions. American Economic Journal: Microeconomics, 15(2), 660-698. ... Informational Rents and ... The paper focuses its attention on an analysis of the Digital Economy and its industrial object – information, particularly through the discussion of social ...