Junior Professor of Economic Theory

In economics, contract theory studies how economic actors can and do construct contractual
arrangements, generally in the presence of asymmetric information.

A prerequisite for participation in this course is earlier successful participation in a Game Theory course. Some knowledge of basic calculus and algebra is necessary since we want to discuss some formal models.

Tyler Cowen talking at Google about Incentives: http://www.youtube.com/watch?v=YOjAdjWgtgY

Time and place
Wednesday 1200 - 1400 LG 1 Room 0073

Reading Assignment
24.4. Laffont/Matrimort Chapter 2

Exam
We will have an oral exam at the end of the semester.

Literature

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J.-J. Laffont, D. Matrimort, The Theory of Incentives, 2002, University Presses of CA
Bernard Salanie, The Economics of Contracts, 2005, MIT Press
P. Bolton, M. Dewatripont, Contract Theory, 2005, MIT Press