Selected Works of Joseph E. Stiglitz: Volume I: Information and Economic Analysis by Joseph E. StiglitzSelected Works of Joseph E. Stiglitz: Volume I: Information and Economic Analysis by Joseph E. Stiglitz

Selected Works of Joseph E. Stiglitz: Volume I: Information and Economic Analysis

byJoseph E. Stiglitz

Hardcover | December 25, 2008

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This is the first volume in a new, definitive, six-volume edition of the works of Joseph Stiglitz, one of today's most distinguished and controversial economists. Stiglitz was awarded the Nobel Prize in Economics in 2001 for his work on asymmetric information and is widely acknowledged as oneof the pioneers in the field of modern information economics and more generally for his contributions to microeconomics.Volume I includes a number of classic papers which helped to form the foundations for the field of the economics of information. Stiglitz reflects on his work and the field more generally throughout the volume by including substantial original introductions to the Selected Works, the volume as awhole, and each part within the volume. The volume includes a number of foundational papers, specifically looking at market equilibrium with adverse selection, moral hazard, and screening. This volume sets out the basic concepts underlying the economics of information, while volume II goes a stepfurther by applying and extending these concepts in a number of different settings in labour, capital, and product markets.
Joseph E. Stiglitz was awarded the Nobel Prize in economics in 2001 and is University Professor at Columbia University where he founded the Initiative for Policy Dialogue in 2000. He was Chair of President Bill Clinton's Council of Economic Advisors from 1995-97 and Chief Economist and Senior Vice-President of the World Bank from 1997...
Title:Selected Works of Joseph E. Stiglitz: Volume I: Information and Economic AnalysisFormat:HardcoverDimensions:800 pagesPublished:December 25, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199533709

ISBN - 13:9780199533701


Table of Contents

Preface to the Selected WorksIntroduction to Volume II. Perspectives on Information Analysis1. Information and Economic Analysis2. Information and the Change in the Paradigm in EconomicsIIA. The General Theory of Screening3. The Theory of "Screening", Education and the Distribution of Income4. with Michael Rothschild: A Model of Employment Outcome Illustrating the Effect of the Structure of Information on the Level and Distribution of IncomeIIB. Theory of Self-SelectionIntroduction to Section IIB5. with Michael Rothschild: Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information6. with Michael Rothschild: Competition and Insurance Twenty Years Later7. Monopoly, Non-Linear Pricing, and Imperfect Information: The Insurance Market8. Prices and Queues as Screening Devices in Competitive Markets9. with Andrew Weiss: Sorting Out the Differences Between Screening and Signaling ModelsIIC. Theory of Adverse Selection, Efficiency Wages, and Credit RationingIntroduction to Section IIC10. with Andrew Weiss: Credit Rationing in Markets with Imperfect Information11. with Carl Shapiro: Equilibrium Unemployment as a Worker Discipline Device12. The Causes and Consequences of the Dependence of Quality PricesIII Theory of Incentives and Economic Organization13. Incentives and Risk Sharing in Sharecropping14. with Barry Nalebuff: Information, Competition, and Markets15. with Raaj Sah: Human Fallibility and Economic Organization16. with Richard Arnott: The Basic Analytics of Moral Hazard17. Credit Markets and the Control of Capital18. Peer Monitoring and Credit MarketsIV. Information and PricesIntroduction to Section IV19. with Sanford Grossman: Information and Competitive Price Systems20. with Steven Salop: Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion21. with Sanford Grossman: On the Impossibility of Informationally Efficient Markets22. with Roy Radner: A Nonconcavity in the Value of InformationV. Welfare Economics of InformationIntroduction to Section V23. Externalities in Economies with Imperfect Information and Incomplete Markets24. Moral Hazard and Nonmarket Institutions: Dysfunctional Crowding Out or Peer MonitoringVI. Information and Macro-economicsIntroduction to Section VI25. with Andrew Weiss and Bruce Greenwald: Informational Imperfections in the Capital Markets and Macroeconomic Fluctuations26. with Bruce Greenwald: Financial Market Imperfections and Business Cycles