Universität Wien

040186 KU Contracts, coordination, and incentives (MA) (2021W)

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

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. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

Please note: The Midterm exam will be taking place ON-SITE as announced! If you find yourself unable to attend you can be deregistered without consequences. Please inform yourself about the current rules for studying on-site here: https://studieren.univie.ac.at/en/studying-exams/studying-on-site/
Midterm: Di. 30.11.2021
Endterm: 28.01.2022

  • Dienstag 05.10. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 12.10. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 19.10. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 09.11. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 16.11. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 23.11. 15:00 - 16:30 Digital
    Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 30.11. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 07.12. 15:00 - 16:30 Digital
    Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 14.12. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 11.01. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 18.01. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 25.01. 15:00 - 16:30 Hybride Lehre
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 28.01. 11:30 - 13:00 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

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

Literature:
• Richard D. Freedman and Velvet V. Mickens, Salomon Brothers: “Apologies
are Bullshit”, NYU Leonard N. Stern School of Business, case study, revised
version September 2002.
• Milgrom, Paul R. and John Roberts, Economics, Organization, and
Management, Englewood Cliffs, N.J.: Prentice‐Hall, Chapter 1.
• Hutchison, Harry, The Collision of Employment‐At‐Will, Section 1981 &
Gonzales: Discharge, Consent and Contract Sufficiency, Journal of Business
Law, 2001, vol. 3, p. 207‐249.
• Rolls‐Royce: Embracing IoT on a wing and prayer, Harvard Business School,
Nov. 2016: https://rctom.hbs.org/submission/rolls‐royce‐embracing‐iot‐
on‐a‐wing‐and‐a‐prayer/

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 12.05.2023 00:12