Frontiers in Microeconomics
The Economics of Contracts and Information
Lecturer: Prof. Dr. Anke S. Kessler (Simon Fraser University, Burnaby)
Date: August 20, 2012 – August 22, 2012 (ifo Dresden)
Venue: TU Dresden
Registration: christian.lessmann@tu-dresden.de
The course takes place at TU Dresden, room SCH A 185, in the time 09:00-15:00.
Outline
I. Introduction
1. Asymmetric Information and the Failure of the Coase Theorem
2. Adverse Selection, Signaling and Screening
II. Monopolistic Screeening (The Principal Agent Model with Hidden Information)
1. Basics
2. Extensions and Applications
III. Moral Hazard (The Principal-Agent Model with Hidden Information)
1. Basics
2. Extensions and Applications
Reading List
[1] Mas-Colell, A. Whinston, M.D. and Green, J.R. (1995). Microeconomic Theory, Oxford University Press.Bolton, P. and M. Dewatripont (2004). Contract Theory, The MIT Press.
