Frontiers in Microeconomics

The Theory of Agency and Contracts, with an Application to Auctions

Lecturer: Prof. Ray Rees (LMU Munich)
Date: June 17, 2009 – June 19, 2009 (ifo Dresden)
Venue: Technische Universität Dresden
Registration: christian.lessmann@tu-dresden.de

Course Outline

Wednesday: Agency and Contract Theory
09.30 – 11.30: Lecture
11.30 – 13.00: Problem Set
14.30 – 15.30: Problem Set
15.30 – 17.30: Lecture and Review of Problem Sets
Thursday: Agency and Contract Theory (contd.)
09.30 – 11.30: Lecture
11.30 – 13.00: Problem Set
14.30 – 15.30: Problem Set
15:30 – 17.30: Lecture and Review of Problem Sets
Friday: Auction Theory and Applications
09.30 – 11.30: Lecture
11.30 – 13.00: Problem Set
14.30 – 15.30: Problem Set
15.30 – 17.30: Lecture and Review of Problem Sets

Reading

[1] Patrick Bolton and Mathias Dewatripoint, Contract Theory, MIT Press, Chapters 1, 2, 4, 7, 8
[2] Paul Milgrom, Putting Auction Theory to Work, Cambridge University Press, Chapters 2, 3, 4
[3] Hugh Gravelle and Ray Rees, Microeconomics, (3rd ed.) FT Prentice-Hall, Chapter 20