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040249 UK Contract Theory (MA) (2019S)
Track in Competition and Regulation
Continuous assessment of course work
Labels
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 11.02.2019 09:00 to We 20.02.2019 12:00
- Registration is open from Tu 26.02.2019 09:00 to We 27.02.2019 12:00
- Deregistration possible until Th 14.03.2019 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
- Monday 04.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
- Tuesday 05.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 13.03. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 14.03. 15:00 - 16:30 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 18.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
- Tuesday 19.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 25.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
- Tuesday 26.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 01.04. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
- Tuesday 02.04. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 08.04. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
- Tuesday 09.04. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Information
Aims, contents and method of the course
Which contract should an employer sign with a new employee if she cannot observe how much he works? Why should a person obtain a bachelor's degree or MBA if it doesn't give her valuable skills for the labour market? Can a health insurance company tell if you have healthy habits by observing which insurance contract you choose? Contract theory deals with these questions.The aim of the course is to give the students an understanding of classical contract theory.
Assessment and permitted materials
The final grade is based on the grades for the final exam (45%), problem sets (45%), and quizzes (10%).
Minimum requirements and assessment criteria
Passing grade is 50%.
Examination topics
Contract theory
1. Games of incomplete information and Bayes-Nash equilibria
2. Hidden information: Adverse selection
3. Hidden information with action to reveal info: Signalling
4. Hidden action: Moral hazard
5. Adverse selection and moral hazard
6. Dynamic contracting
1. Games of incomplete information and Bayes-Nash equilibria
2. Hidden information: Adverse selection
3. Hidden information with action to reveal info: Signalling
4. Hidden action: Moral hazard
5. Adverse selection and moral hazard
6. Dynamic contracting
Reading list
Main textbook:
Bolton, P., and M. Dewatripont. "Contract Theory," 2005
Bolton, P., and M. Dewatripont. "Contract Theory," 2005
Association in the course directory
Last modified: Fr 11.06.2021 00:17