https://www.facebook.com/share/p/3661V7jv3MsS7ukE/?mibextid=xfxF2i
Agent-principal conflicts
18 Apr 2024 Leave a comment
in economics of crime, economics of information, economics of media and culture, labour economics, labour supply, law and economics, managerial economics, organisational economics, personnel economics Tags: agency costs, asymmetric information, moral hazard, screening
Genetic Insurance
28 Feb 2024 Leave a comment
in applied price theory, economics of information, entrepreneurship, health economics Tags: adverse selection, health insurance, moral hazard, screening, self-selection, signaling
Genetic testing identifies disease risk, enabling individuals to dodge environmental triggers, optimize treatments, and improve planning. Yet, the fear of increased insurance premiums deters many from undergoing tests. Genetic testing offers societal benefits but also presents significant distributional challenges. To address this, my 1994 paper proposed the idea of genetic insurance. For a small fee […]
Genetic Insurance
Self-selection explained
15 Feb 2024 Leave a comment
in labour economics, labour supply, occupational choice, unemployment Tags: adverse selection, asymmetric information, moral hazard, screening, self-selection, signaling
*The Case Against Education* Makes the WSJ
01 Feb 2024 Leave a comment
in applied price theory, econometerics, economics of education, economics of information, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: screening, signaling
Douglas Belkin, who has an admirably adversarial publication record on higher ed, spotlights my The Case Against Education in his latest piece in The Wall Street Journal:One result of this transactional attitude has been a sharp increase in cheating. College is one of the few products whose consumers try to get as little out of…
*The Case Against Education* Makes the WSJ
Why Are Scam Emails Obviously Scams? A Game Theory 101 Investigation
12 Aug 2022 Leave a comment
in applied price theory, economics of crime, economics of information, law and economics Tags: adverse selection, asymmetric information, game theory, screening, self-selection
After Words with Bryan Caplan on education
08 Sep 2021 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: asymmetric information, screening, signalling
Bryan Caplan – The Case Against Education
18 Aug 2021 Leave a comment
in applied price theory, applied welfare economics, economics of education, economics of information, human capital, labour economics, labour supply, occupational choice, personnel economics Tags: adverse selection, asymmetric information, screening, signaling
Bryan Caplan – education is signaling
20 Jun 2020 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, occupational choice, personnel economics Tags: adverse selection, asymmetric information, moral hazard, screening, signaling
.@Bryan_Caplan’s best presentation of the case against education
18 Mar 2020 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of education, economics of information, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics, Public Choice, public economics, rentseeking, survivor principle Tags: adverse selection, asymmetric information, College premium, graduate premium, screening, self-selection, signaling
19th century Bank of England was well on to stigma effects in a banking crisis
09 Feb 2020 Leave a comment
in applied price theory, business cycles, economic history, economics of bureaucracy, economics of information, fisheries economics, industrial organisation, law and economics, macroeconomics, monetary economics, property rights, Public Choice, survivor principle Tags: adverse selection, asymmetric information, bank runs, banking crises, banking panics, lender of last resort, monetary policy, screening
Doug Allen “The Duel of Honor – screening for unobserved social capital”
30 Nov 2018 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of crime, human capital, law and economics, property rights Tags: asymmetric information, screening, signalling
Utopia, you are standing in it! 
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