Economics of Information and Social Choice 7.5 credits

The course investigates the relation between social goals and the economic mechanisms that can allow society to pursue them. The emphasis is on the incentives that the economic agents face within alternative possible settings, and on the extent to which each mechanism can mobilize the resources available to achieve social goals. <br> A further theme is the analysis of the informational aspects of markets and organizations. The main focus is on the strategies and institutions which are motivated by informational asymmetries, such as those that typically exist both between potential exchange partners and between the parties to a contract, also to appreciate the relevance of modern information technologies. The approach to each topic emphasizes the aspects related to social welfare and to business strategy. **Connection to Research and Practice**<br> The course is connected to the research front of Microeconomics and Social Choice, both theoretically and empirically. Issues related to these topics are fundamental to all research areas of JIBS.<br> Special attention is paid to the potential effects of the innovations that are continuously being introduced in the areas of communication and information, and to policy instruments that can be of relevance in connection with sustainability goals