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Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information. Michael Rothschild, Michael Rothschild University of ... Learn more about the Cornell Dyson MPS in Applied Economics and Management (AEM), and take the first steps toward submitting your application today! In this model, a developer seeks to persuade a welfare-maximizing bureaucrat to award a contract to her. The official has a short tenure, and his successor's ... Apr 19, 2023 ... Experimentation trades off the opportunity cost of exploitation for the indirect inference from the explored alternatives to unknown ones. The ... ... Information Acquisition in Markets Microeconomics. Explore Dirk Bergemann's work. Discussion Paper. Soft-Floor Auctions: Harnessing Regret to Improve ... Abstract. The thesis is composed of three chapters discussing the economics of information in markets and contracts. The first chapter paper proposes a ... B.A. in Economics. The Comprehensive Project in Economics requires successful completion of a major research paper as part of ECON 495 Senior Economics Seminar. Information, incentives, and economic mechanisms: Essays in honor of Leonid Hurwicz [Leonid Hurwicz] on Amazon.com. *FREE* shipping on qualifying offers. Feb 12, 2016 ... The growth of the information economy continues, but paper consumption is in retreat. Has the world reached Peak Paper? We assume that preferences are not state-dependent. Page 4. THE ECONOMICS OF IMPERFECT INFORMATION. 631 all the contracts ...