In the case of separation and equilibrium, people with high ability must be better than those without signal transmission. (2)

A: Correct.

mistake

Introduction to Information Economics and Incentives

Information and Incentive Economics is a book published by Zhao Chen in 2005 by Shanghai People's Publishing House.

In foreign countries, "Information and Incentive Economics" has become the main course of economics and related majors. Domestic universities have also begun to incorporate "information economics" into the elective courses or main courses of undergraduate or graduate students in economics. This book is written for domestic universities to offer such courses.

The book is divided into nine chapters, which comprehensively introduces the basic content of this subject. Providing readers with all kinds of reading materials outside the text is one of the characteristics of this book.

Brief introduction of the author

Zhao Chen, 1973- 1, a native of Zhoushan, Zhejiang Province, received his Ph.D. in Economics from Fudan University in July 2006 and is currently an associate professor at China Economic Research Center of Fudan University. He teaches undergraduate microeconomics and information economics courses and graduate microeconomics and incentive theory courses, and concurrently serves as the editor of the anonymous review magazine World Economic Papers.

The main research fields are transition economics and information economics. He has published many research papers in problèmeséeconomiques, Economics (quarterly) and Economic Research, and published Advanced Microeconomics (editor in chief, 2002) and Economic Theory of Social System (co-translated, 2003).