The Economics of Asymmetric Information

Author: Brian Hillier
List Price: $55.00
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ISBN: 0312163967
Publisher: Palgrave Macmillan (April, 1997)
Sales Rank: 558,284
Average Customer Rating: 4.5 out of 5

Customer Reviews

Rating: 4 out of 5
A Good Supplement
I used parts of Hillier's text as a supplement in a master's level course in information and uncertainty that I taught in Ukraine. In my opinion, the book was a useful addition to the course. It is not particularly technical, but does a good job of describing fairly technical issues -- e.g. screening vs. signalling -- in plain English. My students generally seemed to find more technical items, e.g. journal articles, easier to follow after reading Hillier.

I would suppose the main use of this book would be as a supplement to a graduate course. It isn't technical enough for PhD level work, one would have to go to another source for this, but it is a nice presentation of the basic ideas of the economics of asymmetric information. If someone needs a good understanding of such, this would be worth reading.

It does not have much in the way of problems to solve.

Rating: 5 out of 5
The Economics of Asymmetric Information
I really like the subject of the book, because I find that information play a very big role in any economy and in specific in the financial markets,and that We're in the midst of a major revolution where we are moving from the industrial age to the information age. what is unique about this book is that it coveres and measures the value of information in different markets, rather than focusing only on one market as in other books.Moreover, the problems resulted from the asymmetric information was highlited, and their impact on different markets were cleary explained. Least but not last, by the end of each part in the book some other reading were recommended,allowing us to extensive our knowledge.personally I find it a very interesting topic which I am thinking seriously of writing my thesis about it, and I find this book a very beneficial and diversified one to me. Thanks



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