Course Catalog and Schedule



Contract Theory and Mechanism Design (MECS-465-0)
1.00 Credit
TCE BidStats

Description:
This course examines the theory of contracts and other economic mechanisms whose purpose is to overcome problems of asymmetric information. Topics include revelation principle and mechanism design, static and dynamic moral hazard and adverse selection, principal-agent models, nonlinear pricing; bargaining, optimal regulation, incomplete contracts, incentive contracts in general equilibrium, bidding and the theory of organizations.

Prerequisites:
None

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