312084 Information Structures and Risk Allocation in Competitive Economies (V) (SoSe 2003)

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This lecture looks at the role of public information for individual decision making and for the properties of competitive equilibria. We will define a rigorous concept of information system which allows various characterizations in terms of economically meaningful criteria. The lecture focuses, among other things, on the value of information in terms of economic welfare and on the role of information for the equilibrium risk allocation and economic growth. We will also address specific topics such as insurance and capital markets.

Requirements for participation, required level

This lecture will be held in English.

Bibliography

J. Hirschleifer & J.G. Riley (1994): The Analytics of Uncertainty and Information, Cambridge University Press.

J.J. Laffont (1993): The Economics of Uncertainty and Information.

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Subject assignments

Degree programme/academic programme Validity Variant Subdivision Status Semester LP  
Betriebswirtschaftslehre / Diplom (Enrollment until SoSe 2005) B3a Wahl 4 HS
Volkswirtschaftslehre / Diplom (Enrollment until SoSe 2005) V1A Wahl 4 HS

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SS2003_312084@ekvv.uni-bielefeld.de
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Last update basic details/teaching staff:
Friday, December 11, 2015 
Last update times:
Tuesday, February 25, 2003 
Last update rooms:
Tuesday, February 25, 2003 
Type(s) / SWS (hours per week per semester)
lecture (V) / 2
Department
Faculty of Business Administration and Economics
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ECTS points
4
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ID
1060275