Microeconomics II: Notes and Readings


K. Arrow, The role of securities in the optimal allocation of risk-bearing, RES 1964

G. AKerlof, The market for lemons ... QJE 1970

M. Rothschild-J. Stiglitz, Equilibrium in competitive insurance markets ...QJE 1976

Introduction

General Equilibrium: Time

General Equilibrium: Time and Uncertainty

General Equilibrium: Market Power

Public Goods

Expected Utility

Markets for Lermons

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