Sum of Marginal Benefits Equals Marginal Cost What are the different ways to finance public goods?

Asymmetric information occurs when one economic agent has more knowledge about an economic transaction than the other. For example, if a car salesman knows more ... Jun 10, 2016 ... This paper investigates the role played by informational frictions in college and the workplace. ... Microeconomics · Economics of Information. (2015): “Selling cookies,” American economic journal: Microeconomics, 7, 259–94. Bergemann, D., and S. Morris. (2016): “Bayes correlated equilibrium and the ... Section 5 describes, in more detail, two applications of infor- mation design with a microeconomic and macroeconomic perspective, respectively: limits of price ... Jan 15, 2013 ... This is an important result. 1.2 Asymmetric information and the revelation principle. Consider now the situation in which only the buyer knows ... Journal of Political Economy: Microeconomics, Forthcoming. Blackwell ... Informational Robustness in Intertemporal Pricing. (with Xiaosheng Mu). Review ... We establish an informative equilibrium, where both the agenda setter and the voters behave strategically, and information is transmitted from the voters to the ... Areas of Research · Applied Microeconomics. Applied microeconomics at Chicago uses price theory and other theoretical economic tools and empirical analysis to ... The most common assumption in the literature is that agents have full information over the deterministic features of the problem and that they have rational ... An error occurred. Try watching this video on www.youtube.com, or enable JavaScript if it is disabled in your browser. Video Player is loading. ... This is a ...