Master's degree in Applied Economics

Course not running

Economics of uncertainty and information

Course code
Name of lecturer
Eugenio Peluso
Number of ECTS credits allocated
Academic sector
Language of instruction
1st semester dal Oct 2, 2006 al Dec 19, 2006.

Lesson timetable

Learning outcomes

In the first part of the course we provide an introduction of the theory of choice under uncertainty, by presenting the expected utility model and the concept of risk aversion. Starting by a model of efficient risk sharing, we show the foundations of insurance theory. In the second part of the course we introduce the principal-agent model, the problems of adverse selection, moral hazard and the optimal incentive theory. A particular attention will be devoted to applications to the insurance market.

Reference books
Author Title Publisher Year ISBN Note
MILGROM P.-ROBERTS J. Economia, organizzazione e management. Vol. I. Il Mulino 2005 8815106650 introduzione
C. GOLLIER The Economics of Risk and Time MIT press 2001 approfondimento
LAFFONT J.J. - MARTIMORT D. The theory of incentives. The principal agent model Princeton University Press   approfondimento

Assessment methods and criteria

Written exam

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