| Managerial Economics and Business Strategy, 4/e Michael Baye,
Indiana University - Bloomington
The Economics of Information
Chapter OutlineHeadline: Firm Chickens-Out in the FCC Spectrum Auction - Introduction
- The Mean and the Variance
- Uncertainty and Consumer Behavior
- Risk Aversion
- Managerial Decision with Risk-Averse Consumers
- Product Quality
- Chain Stores
- Insurance
- Consumer Search
- Uncertainty and the Firm
- Risk Aversion
- Producer Search
- Profit-Maximization
- Uncertainty and the Market
- Asymmetric Information
- Adverse Selection
- Moral Hazard
- Signaling and Screening
- Auctions
- Types of Auctions
- English Auction
- First-Price, Sealed-Bid Auction
- Second-Price, Sealed-Bid Auction
- Dutch Auction
- Information Structures
- Independent Private Values
- Correlated Value Estimates
- Optimal Bidding Strategies for Risk-Neutral Bidders
- Strategies for Independent Private Value Auctions
- Strategies for Correlated Values Auctions
- Expected Revenues in Alternative Types of Auctions
- Answering the Headline
- Summary
- Key Terms and Concepts
- Conceptual and Computational Questions
- Problems and Applications
- Selected Readings
|
|