The course will cover topics from : contract theory, incomplete contracts, the economics of moral hazard and adverse selection in strategic settings, dynamic theory of incentive contracts (efficiency of long-run relationships, short-term versus long-term contracts and renegotiation, static mechanism design and self-selection contracts (revelation principle for Baynesian-Nash and dominant strategy equilibria, static screening contracts) with applications to non-linear pricing, optimal auctions and regulation, and the theory of mechanism design with multiple agents (multiple agents screening and common agency).
Please note: Teaching Fellows (who are often MRes and PhD students) may teach on this course.
