Courses:

Advanced Contract Theory >> Content Detail



Study Materials



Readings

This section features information about the portions covered in the primary textbook.  It also offers lists of additional references  and papers.



Textboook


The primary book for this course is:

Bolton, Patrick, and Mathias Dewatripont. Contract Theory. Cambridge, MA: MIT Press, 2005. ISBN: 9780262025768.

We will cover the following sections in detail:

  • Static bilateral contracting (adverse selection, screening, signaling, moral hazard). Chapters 2-4, 6.
  • Static multilateral contracting. Chapters 7, 8.
  • Dynamic contracting. Chapters 9, 10.
  • Incomplete contracts. Chapters 11-13.

We will also cover these topics in the course:

  • Theory of auctions (optimal auctions in particular: Myerson, Cremer-McLean)
  • Mechanism design (auctions, general incentive schemes, generalized VCG mechanism in particular)
  • Implementation theory
  • Dynamic agreements (collusion schemes in particular)

We will overlook these areas:

  • Theory of organizations
  • Bargaining
  • Political institutions
  • Capital markets (or other direct applications to finance...)
  • Behavioral models


Textbooks for Additional References


Mas-Colell, Andreu, Michael D. Whinston, and Jerry R. Green. Microeconomic Theory. New York, NY: Oxford University Press, 1995. ISBN: 9780195102680.

Fudenberg, Drew, and Jean Tirole. Game Theory. Cambridge, MA: MIT Press, 1991. ISBN: 9780262061414.

Krishna, Vijay. Auction Theory. San Diego, CA: Academic Press, 2002. ISBN: 9780124262973.

Hart, Oliver D. Firms, Contracts, and Financial Structure. Oxford, UK: Clarendon Press; New York, NY: Oxford University Press, 1995. ISBN: 9780198288817.

Laffont, Jean-Jacques, and Jean Tirole. A Theory of Incentives in Procurement and Regulation. Cambridge, MA: MIT Press, 1993. ISBN: 9780262121743.

Salanié, Bernard. The Economics of Contracts: A Primer. 2nd ed. Cambridge, MA: MIT Press, 2005. ISBN: 9780262195256.



General List of Papers


References (PDF)


 








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