Question
what is meant by separation of types based on self-selection' and the 'pooling of types? Please provide an example of the use of screening and
what is meant by separation of types based on self-selection' and the 'pooling of types?
Please provide an example of the use of screening and signalling and the associated incentive compatibility or participation constraints.
What are the costs involved in the presence of information asymmetry?
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
