Preface to Volume II ; I: SURVEYS AND PERSPECTIVES ; Introduction ; 1. Information and Economic Analysis: A Perspective ; 2. Information and Competition ; II: CAPITAL MARKETS ; IIA: INFORMATION AND CAPITAL MARKETS ; Introduction ; 3. Information and Capital Markets ; 4. Using Tax Policy to Curb Speculative Short-Term Trading ; 5. Ownership, Control and Efficient Markets: Some Paradoxes in the Theory of Capital Markets ; 6. The Informational Content of Initial Public Offerings, with I. Gale ; 7. A Simple Proof that Futures Markets are Almost Always Informationally Imperfect, with I. Gale ; IIB: CREDIT AND EQUITY RATIONING ; Introduction ; 8. Incentive Effects of Termination: Applications to the Credit and Labor Markets, with A. Weiss ; 9. Credit Rationing and Collateral, with A. Weiss ; 10. Credit and Equity Rationing in Markets with Adverse Selection, with T. Hellmann ; IIC: STRUCTURE AND FUNCTIONING OF CAPITAL MARKETS ; Introduction ; 11. Information, Finance and Markets: The Architecture of Allocative Mechanisms, with B. Greenwald ; 12. Banks as Social Accountants and Screening Devices for the Allocation of Credit, with A. Weiss ; 13. Banks versus Markets as Mechanisms for Allocating and Coordinating Investment ; 14. Short-term Contracts as a Monitoring Device, with P. Rey ; 15. Pure Theory of Country Risk, with J. Eaton and M. Gersovitz ; 16. Discouraging Rivals: Managerial Rent-Seeking and Economic Inefficiencies, with A. Edlin ; III: INFORMATION AND LABOR MARKETS AND THE GENERAL THEORY OF INCENTIVES ; IIIA: INCENTIVES ; Introduction ; 17. A Survey of the Economics of Incentives ; 18. Incentives, Risk and Information: Notes Toward a Theory of Hierarchy ; 19. Prizes and Incentives: Toward a General Theory of Compensation and Competition, with B. Nalebuff ; 20. Design of Labor Contracts: Economics of Incentives and Risk-Sharing ; IIIB: EFFICIENCY WAGES ; Introduction ; 21. Alternative Theories of Wage Determination and Unemployment in L.D.C.'s: The Labor Turnover Model ; 22. Alternative Theories of Wage Determination and Unemployment: The Efficiency Wage Model ; 23. Equilibrium Unemployment as a Worker Screening Device, with B. Nalebuff and A. Rodriguez ; IIIC: WAGE DISTRIBUTIONS, SEARCH, AND THE EFFICIENCY OF MARKET EQUILIBRIUM ; Introduction ; 24. Equilibrium Wage Distribution ; 25. Labor Turnover, Wage Structure & Moral Hazard: The Inefficiency of Competitive Markets, with R. Arnott ; IV. THE PURE THEORY OF MORAL HAZARD AND INSURANCE ; Introduction ; 26. Risk, Incentives and Insurance: The Pure Theory of Moral Hazard ; 27. Price Equilibrium, Efficiency, and Decentralizability in Insurance Markets, with R. Arnott ; 28. Equilibrium in Competitive Insurance Markets, with Moral Hazard with R. Arnott ; V. INFORMATION AND PRODUCT MARKETS ; Introduction ; 29. Imperfect Information in Product Markets ; 30. The Theory of Sales: A Simple Model of Equilibrium Price Dispersion with Identical Agents, with S. Salop ; 31. Equilibrium in Product Markets with Imperfect Information ; 32. Competition and the Number of Firms in a Market: Are Duopolies More Competitive Than Atomistic Markets?
