Universität Wien

040186 KU Contracts, coordination, and incentives (MA) (2020W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

service email address: opim.bda@univie.ac.at
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 60 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

All November classes will be held in an online format via BBB.
Midterm: DI 17.11.2020 Digital
Endterm: DI 26.01.2021 Digital

  • Dienstag 06.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 13.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 20.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 27.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 03.11. 16:45 - 18:15 Digital
  • Dienstag 10.11. 16:45 - 18:15 Digital
  • Dienstag 17.11. 16:45 - 18:15 Digital
  • Dienstag 24.11. 16:45 - 18:15 Digital
  • Dienstag 01.12. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 15.12. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 12.01. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 19.01. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 26.01. 16:45 - 18:15 Digital

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

This course provides an introduction to the theory of contracts and its applications. Many economic situations are characterized by informational asymmetry, i.e. by the fact that some party in an interaction has more information than the other. The aim of this course is to cover basic models with (and without) asymmetric information and understand its implications on decision making/incentive provision.

Among others, we will deal with the theoretical analysis of the following questions:

-Why do we engage in economic exchange?
-How exactly can and should an employer compensate its employees?
-What role does education play in the job market?
-Why do companies offer warranties on their products?
-What auction types are there and how does the optimal bid look like?
-How should a firm with market power price its products?

Art der Leistungskontrolle und erlaubte Hilfsmittel

Evaluation will be based on two written tests (mid and end-term), homework and active participation.

No formal requirements for this course. A general interest and willingness to study+understand contractual models in a formal way is required.

Mindestanforderungen und Beurteilungsmaßstab

Notice, that due to the particular course schedule (blocked) this semester, it is necessary to put in daily effort in order to prepare for the following sessions and exams.
Please note that all of your submissions may be checked for plagiarism using Turnitin.

Prüfungsstoff

Topics and methodology: Decision and game theory, constrained optimization, moral hazard, adverse selection (screening, signaling), bargaining, auctions.

Literatur

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 12.05.2023 00:12