Microeconomics II: Notes and Readings


Academic Calendar

K. Arrow, The role of securities in the optimal allocation of risk-bearing, RES 1964

G. AKerlof, The market for lemons ... QJE 1970

M. Rothschild-J. Stiglitz, Equilibrium in competitive insurance markets ...QJE 1976

Introduction

Competitive Equilibrium: Time

Competitive Equilibrium: Uncertainty

Market Power

Expected Utility Theory

Risk Attitudes

Competitive Markers for Lemons

Competitive Markers for Insurance

Public Goods

Economics of Information (including class exercises)


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