Market Adjustments What are price ceilings and their effects on the market?

Dec 1, 2010 ... When buyers and sellers have asymmetric information about market transactions, the trades that are transacted are likely to be a subset of the ... They receive the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2001, “for their analyses of markets with asymmetric information”. My research is predominantly in applied microeconomic theory. You can find detailed information about me in my CV and I can be contacted by email at rahul.deb@ ... Microeconomic Theory. Economic theory of the behavior of individuals, households, firms, and markets. Roles of relative prices and information, with a focus on ... Abstract. This paper is an expository introduction to several topics of current research in the general equilibrium theory of rational expectations. More ... He works on microeconomic theory, game theory, information economics and political economics. Here is his website. Aurélien Salas. Aurélien is a second year PhD ... Jun 6, 2011 ... ... informational cost. Keywords: coordination game, endogenous and ... Microeconomics: Asymmetric & Private Information eJournal · Follow ... Course Requirements. Prerequisite Courses (29 credits). ECO 182LD - Introduction to Microeconomics Credits: 4; MGA ... 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 ... Robert Frank, Microeconomics and Behavior, McGraw-Hill; Michael L. Katz and ... MDP Informational Session Recording · MDP Application Requirements · Alumni ...