Problem set 3

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

Problem Set 3

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

Lecture 5: Intertemporal choice

In this lecture we look at net present values, and choices across time.

Lecture 5 Intertemporal Choice

Problem set 2

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

Problem Set 2

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