Microeconomics 2

ECTS: 6

Year: 1

Semester: II

Instructors: Annalisa Luporini

Monopoly. Price discrimination. Regulation of a natural monopoly. Oligopoly theory. Game Theory: Repeated games. Asymmetric information and market failures. Adverse selection. Signalling. Screening. Principal- agent models with i) hidden action ii) hidden information. Applications of the principal-agent model