040249 UK Contract Theory (MA) (2020S)
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 10.02.2020 09:00 to We 19.02.2020 12:00
- Registration is open from Tu 25.02.2020 09:00 to We 26.02.2020 12:00
- Deregistration possible until Th 30.04.2020 23:59
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
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: Th 10.06.2021 11:47