Contract Theory (ECOM-419/DPE-9419)

August 12, 2019

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Method of completion: contact teaching


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Study material:

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The course covers the key areas of incentive theory, information economics and organisation theory, highlighting common themes and methodologies, and presenting the main ideas in an accessible way. Discussed applications include labour economics, industrial organisation and corporate finance. The course outline is as follows: 1. Moral hazard: static one principal, one agent model. 2. Moral hazard in teams and tournaments. 3. Adverse selection. 4. Mechanism design and auctions. 5. Implementation, incomplete contracts, and authority.