Essays in the Economics of Uncertainty

by Jean-Jacques Laffont

These three elegant essays develop principles central to the understanding of the diverse ways in which imperfect information affects the distribution of resources, incentives, and the evaluation of economic policy. The first concerns the special role that information plays in the allocation process when it is possible to improve accuracy through private investment. The common practice of hiring "experts" whose information is presumably much better...

• Format: Hardcover
• Language: English
• ISBN: 0674265556
• ISBN13: 9780674265554
• Release Date: July 1980
• Publisher: Harvard University Press
• Length: 96 Pages
• Weight: 1.05 lbs.
• Dimensions: 0.7" x 6.4" x 9.6"