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Topics in Contract Theory

Lecturer: Prof. Wolfgang Gick (Harvard University)
Date: January 7 – 11, 2013
Venue: TU Dresden
Registration: yvonne.bludau@tu-dresden.de

Outline

Lecture 1: Monday January 7, 2013 (SCH B 037), 9:20-10:50
“Review of theory foundations: Screening and Adverse Selection”
LM: 2.1-2.6, S: 2.2

Lecture 2: Monday January 7, 2013 (SCH B 037), 13:00-14:30
“Moral Hazard – Hidden Action; Adverse Selection: Revelation Principle”
LM: 4.2-4.4, 2.9, 2.10, S: 2.1

Lecture 3: Tuesday January 8, 2012 (SCH B 037), 9:20-10:50
“Extension I: Ex-Ante Contracting, Limited Liability, and Auditing”
LM: 2.6, 2.10, 2.11, 3.1, 3.3, 3.5, 3.6

Lecture 4: Tuesday January 8, 2012 (SCH B 037), 13:00-14:30
“Extension II: Basic Models of Corporate Finance and Financial Contracting: Fixed and Variable Investment Model”
T: 3.2-3.4

Lecture 5: Friday January 11, 2012 (SCH A 419), 13:00-14:30
“Presentations and Discussions of Problem Sets”

Reading list

[1] Laffont, J.-J., Martimort, D. (2002)   The Theory of Incentives, Princeton University Press (LM).
[2] Salanie, B. (1997) The Theory of Contracts – A Primer, MIT Press (S).
[3] Tirole, J. (2006) The Theory of Corporate Finance, Princeton University Press (T).