Horizontal Sum of Firm Supplies How does a perfectly competitive firm determine its optimal output level in the long run?

Game theory is then applied to analyze informational problems in economics ... [INTERMEDIATE MICROECONOMICS] Week 12-Information Economics.pptx, Download. 2 ... 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 ... Section 5 describes, in more detail, two applications of infor- mation design with a microeconomic and macroeconomic perspective, respectively: limits of price ... Apr 16, 2025 ... Explore the intricate dynamics of informational asymmetry in microeconomics and learn how market inefficiencies shape decision making. Mar 28, 2022 ... ... informational intermediary. The intermediary can disclose ... Microeconomics: Asymmetric & Private Information eJournal · Follow ... Caleb A. Cox & Brock Stoddard, 2021. "Common-Value Public Goods and Informational Social Dilemmas," American Economic Journal: Microeconomics, American Economic ... He works on microeconomic theory, game theory, information economics and political economics. Here is his website. Aurélien Salas. Aurélien is a second year PhD ... Areas of Research · Applied Microeconomics. Applied microeconomics at Chicago uses price theory and other theoretical economic tools and empirical analysis to ... In the undergraduate program, you will first take foundational courses in microeconomics, macroeconomics, and mathematics. game theory and strategic decision-making. Provide students with a deeper knowledge in information economics and informational issues, as well as topics related ...