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Information Economics and Mechanism Design

From the lemons market through signaling, screening, and the principal-agent problem to auctions and mechanism design — economics when information is asymmetric.

1. The Value of Information — 18. Economics of Information
2. Akerlof's Lemons Market — 19. Adverse Selection and Signaling
3. Education Signaling — 19. Adverse Selection and Signaling
4. Screening Menus — 19. Adverse Selection and Signaling
5. Moral Hazard and Incentives — 20. The Principal-Agent Problem
6. Second-Price Auction: Truth-Telling Is Dominant — 21. Mechanism Design
7. The Revelation Principle and Optimal Auctions — 21. Mechanism Design
8. Maskin Monotonicity — 22. Implementation Theory