ECON645

Contract Theory

15 points

Not offered 2021

For further information see Department of Economics and Finance

Description

The design of contracts from an economic perspective and how their design is affected by various factors. Such factors include hidden actions within a transaction; the characteristics of participants and the ability to signal and hide such characteristics; the impact of time and repeated contracts; and when some aspects of a transaction cannot be described, monitored, verified, or enforced.

Pre-requisites

Subject to approval of the Head of Department