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Advanced Contract Theory ( 8 REVIEWS )
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Contract theory has continuously changed through time since developments are being implemented. Learning how contracts should be designed and implemented …
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ADVANCED COURSE BADGE COURSE CERTIFICATE
12
NUMBER OF UNITS
0
NUMBER OF QUIZZES
7 HOURS
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Contract theory has continuously changed through time since developments are being implemented. Learning how contracts should be designed and implemented is important since both individuals and organizations need to be assured equally. This Advanced Contract Theory will introduce you to recent updates in contract theory and it is applicable to the present moral hazard, adverse selection and mechanism designs. You are taught how incomplete contract with applications of the theory of the rm are related.
Assessment This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer need to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.
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COURSE CURRICULUM
Static Models
lec1 Bayesian-Nash games
00:25:00
Auctions and Mechanism Design
lec2 Auctions 1 Common auctions, revenue equivalence, and optimal mechanisms
01:00:00
lec3 Auctions 2 Independent private values (IPV) and revenue equivalence
00:50:00
lec4 Auctions 3 Interdependent values and linkage principle
00:45:00
lec5 Auctions 4 Multiunit auctions and Cremer-McLean mechanism
00:35:00
Games with Incomplete Information
lec6 Simple models Hidden information, Spence’s model, and hidden action
01:10:00
lec7 Moral hazard Multiple agents
00:50:00
Dynamic Models
lec8 Dynamic adverse selection DG monopoly with xed types
00:20:00
lec9 Dynamic moral hazard
00:15:00
00:50:00
Surplus Division
lec10 Surplus division, fair distribution, the Shapley value, and Nash bargaining solution
Assessment
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