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Contract Theory » (1st Edition)

Book cover image of Contract Theory by Patrick Bolton

Authors: Patrick Bolton, Mathias Dewatripont, Mathias Dewatripont
ISBN-13: 9780262025768, ISBN-10: 0262025760
Format: Hardcover
Publisher: MIT Press
Date Published: January 2005
Edition: 1st Edition

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Author Biography: Patrick Bolton

Patrick Bolton is John H. Scully Professor of Finance at Princeton University and managing editor of The Journal of the European Economic Association.

Mathias Dewatripont is Professor at the Université Libre de Bruxelles, a Research Fellow at its European Centre for Adanced Research in Economics and Statistics (ECARES) and Research Director of the London-based Centre for Economic Policy Research (CEPR).

Book Synopsis

A comprehensive introduction to contract theory, emphasizing common themes and methodologies as well as applications in key areas.

Table of Contents

1Introduction1
Pt. IStatic bilateral contracting45
2Hidden information, screening47
3Hidden information, signaling99
4Hidden action, moral hazard129
5Disclosure of private certifiable information171
6Multidimensional incentive problems199
Pt. IIStatic multilateral contracting237
7Multilateral asymmetric information : bilateral trading and auctions239
8Multiagent moral hazard and collusion297
Pt. IIIRepeated bilateral contracting365
9Dynamic adverse selection367
10Dynamic moral hazard419
Pt. IVIncomplete contracts487
11Incomplete contracts and institution design489
12Foundations of contracting with unverifiable information553
13Markets and contracts601
14Exercises647

Subjects