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040249 UK Contract Theory (MA) (2020S)

Track in Competition and Regulation

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

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).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Monday 02.03. 16:45 - 18:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Friday 06.03. 13:15 - 14:45 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Sunday 15.03. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Friday 20.03. 09:45 - 11:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Friday 20.03. 15:00 - 16:30 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday 23.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Friday 27.03. 09:45 - 11:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 31.03. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 01.04. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday 20.04. 16:45 - 18:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 23.04. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
Monday 27.04. 16:45 - 18:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.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: Th 10.06.2021 11:47