Month: March 2013

Problem set 3

The third problem set, on the VCG mechanism, intertemporal choice and adverse selection. Problem Set 3

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Lecture 6: Asymmetric information 1

In this lecture, we look at the problems caused by adverse selection, first in product markets, then in insurance markets, then in labour markets. Lecture 6 Asymmetric Information 1

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Lecture 5: Intertemporal choice

In this lecture we look at net present values, and choices across time. Lecture 5 Intertemporal Choice

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Problem set 2

The second problem set, on welfare, externalities and public goods. Problem Set 2

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Lecture 4: Public goods

In this lecture we introduce public goods, describe the conditions for their optimal provision, and show how we may discover the strength of people’s preferences for them. Lecture 4 Public Goods

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