Microeconomic Theory IV

A man stands at a table and writes on a piece of paper.

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.)


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As Taught In

Spring 2017



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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. 

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Related Content

Bengt Holmstrom. 14.124 Microeconomic Theory IV. Spring 2017. Massachusetts Institute of Technology: MIT OpenCourseWare, https://ocw.mit.edu. License: Creative Commons BY-NC-SA.

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