Universität Wien FIND
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040249 UK Contract Theory (MA) (2019S)

Track in Competition and Regulation

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

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

Reading list

Main textbook:
Bolton, P., and M. Dewatripont. "Contract Theory," 2005

Association in the course directory

Last modified: Fr 12.04.2019 13:47