Lecture Details :
This lecture continues our discussion and analysis of strategic interaction with asymmetric information and uncertainty. We examine the problem of adverse selection and the "lemons" problem (why is the used car you buy likely to be a "lemon"?) . Here, bad quality products drive out good quality products. Next we look at attempts to solve the lemons type problem: can uninformed buyers find tests or screens to help resolve their uncertainty? Can privately informed sellers provide signals like warranties or certification reports that buyers will believe? 2008 does a better job on this section....
Original mp4's of this video and other resources related to the lectures from my introductory game theory course at the University of Canterbury , Econ 223, can be obtained at http://uctv.canterbury.ac.nz/modules/journal/journalview.php?space_key=4&module_key=135&link_key=139&group_key=0
You'll also find the 2008 lectures - better in some respect - but only 16 out of 22 are edited.
Course Description :
course in introductory game theory.
Other Resources :
Other Economics Courses
- Energy and Resources Group 280, 001 by UC Berkeley
- Financial Markets by Yale
- Environmental Economics and Policy,Fall 2011 by UC Berkeley
- Introduction to Econometrics by University of Oregon
- Monetary Theory and Policy by University of Oregon
- Econ Dept Seminars by University of Canterbury
- Current Economics by Khan Academy
- Finance by Khan Academy
- Introduction to Environmental Economics and Policy,Fall 2011 by UC Berkeley
- Erskine Seminars in Economics by University of Canterbury
» check out the complete list of Economics lectures