Course Catalog and Schedule

Contract Theory and Mechanism Design (MECS-465-1)
1.00 Credit
TCE BidStats

Theory of contracts and other economic mechanisms aiming 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.


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