Graduate-level textbook covering the consequences for the character and efficiency of the interaction between individuals and organizations when one party is better-informed than the other in a business relationship. Also includes introductory material and a model in which both parties have the same information throughout the relationship. Softcover.

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In�s Macho-Stadler is Professor of Economics and David P�rez-Castrillo is Associate Professor of Economics at the Universitat Autonoma de Barcelona. They gained Ph.D.s in Economics from the Ecole Hautes Etudes en Sciences Sociales (Paris).
; J. David P�rez-Castrillo is Associate Professor of Economics at the Universitat Autonoma de Barcelona. He gained his Ph.D. in Economics from the Ecole Hautes Etudes en Sciences Sociales (Paris).

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