Economics of Asymmetric Information

Contents: Foreword. Introduction. I. Institutional Implications of Asymmetric Information Theories: 1. Asymmetric information and counteracting institutions/U. Sankar. 2. Information content of institutions/Nirmal Sengupta. 3. Information asymmetry, social organisation and public policy/T.V.S. Ramamohan Rao. 4. Imperfect information, institutions and development/T. Lakshmanasamy. II. General Positive and Normative Issues: 5. Quality uncertainty and asymmetric information/Debes Mukhopadhayay. 6. Economics of asymmetric information/K.K. Kaushik and Sanju Karol. 7. Dimensions of asymmetric information: a new look/Asim K. Karmakar. 8. Economics of asymmetric information and its implications/Vinayak S. Deshpande and Sneha V. Deshpande. III. General Macro-Economic Issues: 9. Imperfect information and macro-economic equilibrium/Amalesh Banerjee. 10. Imperfect information and expected inflation rate/Arvind Awasthi. IV. Issues Relating to Banking and Financial Sectors: 11. Imperfect information and credit market/Biswajit Chatterjee and Ram Pratap Sinha. 12. Imperfect information in banking sector/Debabrata Datta. 13. Asymmetric information and the financial system/Nitish Datta. 14. Imperfect information in rural credit markets/Manab Sen. V. Other Important Sectoral Applications: 15. Asymmetric information in insurance market/Sandeep Kumar. 16. Asymmetrical information in health care industry/P. Ganesan. 17. Imperfect information and marriage market/N.B. Pradhan, B. Patro and P. Sahu. Index.

"Economics of Asymmetric Information is an edited volume out of selected papers presented in one of the technical sessions of the 85 Conference of the Indian Economic Association held at Thiruvananthapuram. It contains altogether 17 papers presented in 5 groups. This book is expected to be an important addition to the growing literature on information related problems in economics." (jacket)