Asymmetric InformationPPT模板

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1、ManagerialEconomicshttp://www.2ppt.cnppt模板下载1AsymmetricInformationasymmetricvimperfectinformationstrategicmisrepresentationadverseselectionappraisalscreeningsignalingManagerialEconomicshttp://www.2ppt.cnppt模板下载2Question-1“Lifeinsuranceforeveryone:Noq

2、uestionsasked,nomedicalexamination.”Goodorbaddeal?ManagerialEconomicshttp://www.2ppt.cnppt模板下载3Question-2Supposeamedicalinsurerdecidestocoverpregnancy,shoulditofferpregnancyasanoptionoraspartofthebasicprogram?ManagerialEconomicshttp://www.2ppt.cnppt模

3、板下载4Question-3Howtoconvinceapotentialemployerthatyouareloyalandproductive?ManagerialEconomicshttp://www.2ppt.cnppt模板下载5ImperfectInformationdistinguish:imperfectinformationasymmetricinformationrisk:uncertaintyaboutbenefitsorcostsarisesfromimperfectinf

4、ormationriskaversioninsuranceManagerialEconomicshttp://www.2ppt.cnppt模板下载6BargainOveraTradeThebuyer’svalueisexpectedtobeeither$1(20%)or$3(80%).Theseller’scostisexpectedtobeeither$0(80%)or$2(20%).Onlythebuyerknowsthetruevalue,andonlythesellerknowsthet

5、ruecost.ManagerialEconomicshttp://www.2ppt.cnppt模板下载7EfficientOutcomesManagerialEconomicshttp://www.2ppt.cnppt模板下载8StrategicMisrepresentationSometimesitisimpossibletofindanypricesthatalwaysmakeitintheparties’individualinteresttoreporttruthfullyandtot

6、radewhenevertradeisvalueincreasing.Efficienttradeismoredifficulttoachievewhentheprobabilityofseller(buyer)havinglowcost(highvalue)ishigher.ManagerialEconomicshttp://www.2ppt.cnppt模板下载9AParadoxItispossibleandprofitableforoneorbothtradingpartiestogaina

7、bargainingadvantagebyinvestingininformationaboutthequalityofthegood.However,privateinformationmaycompletelypreventagreementeventhoughtherearesignificantgainstobehadfromtrade.ManagerialEconomicshttp://www.2ppt.cnppt模板下载10TheDeBeersPracticeBuyersareoff

8、eredapacketofstones,called“sight”,thatroughlycorrespondstotheirindicatedinterests.Thestonesaregradedandsortedonthebasisoftheirgrosscharacteristicsonly,withoutanyattemptbyDeBeerstoestimatetheirvalueclosely.ManagerialEconomicshttp://www.2ppt.cnppt模板下载1