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Applied Economic Analysis of Information and Risk

Editors: Hosoe, Moriki, Kim, Iltae (Eds.)

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  • Analyzes current issues in applied economics from the perspectives of the economics of information and risk
  • Investigates regulation policy, consumer policy, and political procedure with regard to asymmetric information
  • Focuses on fundamental risk analysis concepts for applied analysis in the financial market, labor market, and environment
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eBook 93,08 €
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  • ISBN 978-981-15-3300-6
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Hardcover 109,99 €
price for Korea, Republic of (South Korea) (gross)
  • ISBN 978-981-15-3299-3
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About this book

This book examines interesting new topics in applied economics from the perspectives of the economics of information and risk, two fields of economics that address the consequences of asymmetric information, environmental risk and uncertainty for the nature and efficiency of interactions between individuals and organizations. In the economics of information, the essential task is to examine the condition of asymmetric information under which the information gap is exploited. For the economics of risk, it is important to investigate types of behavior including risk aversion, risk sharing, and risk prevention, and to reexamine the classical expected utility approach and the relationships among several types of the changes in risk. Few books have ever analyzed topics in applied economics with regard to information and risk. This book provides a comprehensive collection of applied analyses, while also revisiting certain basic concepts in the economics of information and risk.

The book consists of two parts. In Part I, several aspects of applied economics are investigated, including public policy, labor economics, and political economics, from the standpoint of the economics of (asymmetric) information. First, several basic frameworks of the incentive mechanism with regard to transaction-specific investment are assessed, then various tools for market design and organization design are explored.

In Part II, mathematical measures of risk and risk aversion are examined in more detail, and readers are introduced to stochastic selection rules governing choice behavior under uncertainty. Several types of change in the random variable for the cumulative distribution function (CDF) and probability distribution function (PDF) are discussed. In closing, the part investigates the comparative static results of these changes in CDF or PDF on the general decision model, incorporating uncertain situations in applied economics.  

About the authors

Moriki Hosoe, Emeritus Professor, Kyushu University
Iltae Kim, Professor, Chonnan National University

Table of contents (12 chapters)

Table of contents (12 chapters)

Buy this book

eBook 93,08 €
price for Korea, Republic of (South Korea) (gross)
  • ISBN 978-981-15-3300-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 109,99 €
price for Korea, Republic of (South Korea) (gross)
  • ISBN 978-981-15-3299-3
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Applied Economic Analysis of Information and Risk
Editors
  • Moriki Hosoe
  • Iltae Kim
Copyright
2020
Publisher
Springer Singapore
Copyright Holder
Springer Nature Singapore Pte Ltd.
eBook ISBN
978-981-15-3300-6
DOI
10.1007/978-981-15-3300-6
Hardcover ISBN
978-981-15-3299-3
Edition Number
1
Number of Pages
VIII, 202
Number of Illustrations
80 b/w illustrations
Topics

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