1. Why study information economics?, 2. How to read this book? Part one: Information as an economic good, 3. What is information?, 4. The value of information, 5. The optimal amount of information, 6. The production of information, Part two: How the market aggregates information, 7. From information to prices, 8. Knowing facts or reading thoughts, 9. Coordination problems, 10. Learning and cascades, 11. The macroeconomics of information,Part three: The economics of information asymmetries, 12. The winner's curse, 13. Hidden information and self-selection, 14. Optimal contracts, 15. The revelation principle, 16. Creating incentives, Part four: The economics of self-knowledge, 17. Me versus myself
Biography
Urs Birchler is Director at the Swiss National Bank and a former member of the Basel Committee on Banking Supervision. He has taught at the universities of Zurich, Berne, St. Gallen and Leipzig.
Monika Butler is Professor of Economics and Public Policy at the University of St. Gallen, CESifo Fellow and CEPR affiliate.
"If you teach advanced undergraduate microeconomics, you should be interested in this book. Birchler and Buetler have served up something genuinely novel and substantive here." - Matthew Ryan, New Zealand Economic Papers
