A man signs a contract. Contract theory, the study of how businesses and people create and develop legal agreements, is discussed at length in this course. (Image courtesy of Olu Eletu on Unsplash.)
Instructor(s)
Prof. Bengt Holmstrom
MIT Course Number
14.124
As Taught In
Spring 2017
Level
Graduate
Course Description
Course Features
Course Description
The topic of the class is information and contract theory. The purpose is to give an introduction to some of the main subjects in this field: decision making under uncertainty, risk sharing, moral hazard, adverse selection, mechanism design, and incomplete contracting.
