Advanced Contract Theory

Purple tulip in foreground, yellow tulip in background.

Named after the famous tulip bulb auctions of the Netherlands in the 17th century, a Dutch auction proceeds by reducing the price until a buyer is found. To learn more about this type of auction, please see lecture 4 in the lecture notes of this course. (Image courtesy of Aayesha Siddiqui.)


MIT Course Number


As Taught In

Spring 2005



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Course Description

Course Features

Course Description

This course focuses on recent developments in contract theory. Topics include: advanced models of moral hazard, adverse selection, mechanism design and incomplete contracts with applications to theory of the firm, organizational design, and financial structure.

Related Content

Sergei Izmalkov. 14.129 Advanced Contract Theory. Spring 2005. Massachusetts Institute of Technology: MIT OpenCourseWare, License: Creative Commons BY-NC-SA.

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