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Further Reading
Osborne, M.J. (2003). An Introduction to Game Theory. Oxford University Press. ISBN: 978019512895...
Example: The Trans-Pacific Partnership
The Trans-Pacific Partnership (TPP) negotiations involved multiple countries, each with its own s...
A Brief Overview
What is Game Theory? At its core, Game Theory is the study of how people make decisions in situa...
Further Reading
Greenstone, M., He, G., Jia, R., & Liu, T. (2022). Can technology solve the principal-agent probl...
Example: Real Estate Agents and Home Sellers
The principal-agent problem (or agency dilemma) arises when one person (the "agent") is allowed t...
Key Takeaways
The principal-agent problem is an important topic in both economics and organizational theory. ...
Further Reading
Akerlof, George (1970). The Market for "Lemons": Quality Uncertainty and the Market Mechanism. Th...
Key Takeaways
Definition: Information asymmetry occurs when one party in a transaction has more or better infor...
Further Reading
Comuzzi, M., Grefen, P., & Meroni, G. (2023). Blockchain for Business: IT Principles into Practic...
Case Study: Georgia's Land Registry
Georgia has historically faced challenges with land registration. The process was cumbersome, pro...
Key Takeaways
Here is an overview of the most important aspects related to Blockchain and Smart Contracts: ...
Further Reading
Schor, J. (2016). Debating the sharing economy. Journal of self-governance and management economi...
Case Study: UBER
Background and Development: Founding: Uber was founded in 2009 by Garrett Camp and Travis Kala...
Case Study: AirBNB
Background and Development: Founded in 2008 by Brian Chesky, Joe Gebbia, and Nathan Blecharczy...
Technical Information
The Economics of InformationAuthor: Christian Năsulea ISBN: 978-606-94761-7-8 Copyright © 2023 ...
Key Takeaways
Platforms and the sharing economy are central to modern business strategies and the evolution of ...
Further Reading
Agrawal, A., Gans, J., & Goldfarb, A. (Eds.). (2019). The economics of artificial intelligence: a...
Example: RPA in Invoice Processing
Background: Large companies often receive thousands of invoices from suppliers every month. Proce...
Key Takeaways
Key aspects to understand about Robotic process automation (RPA) and artificial intelligence (AI)...
How to Use this Textbook
This textbook is primarily designed to be used by students taking the Economics of Information cl...