![]() The principal delegates a task to the agent who will obtain some private information as a result. We will focus on settings with two parties: a principal (e.g. Economics of Information looks at situations where one of the contracting parties have private information. This had deep implications for economic policy. This field was a revolution in economics, overturning long standing presumptions, including the one of market efficiency. ![]() The first part of this course provides an introduction to the Economics of Information.
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