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Contract Theory,New
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A comprehensive introduction to contract theory, emphasizing common themes and methodologies as well as applications in key areas.Despite the vast research literature on topics relating to contract theory, only a few of the field's core ideas are covered in microeconomics textbooks. This longawaited book fills the need for a comprehensive textbook on contract theory suitable for use at the graduate and advanced undergraduate levels. It covers the areas of agency theory, information economics, and organization theory, highlighting common themes and methodologies and presenting the main ideas in an accessible way. It also presents many applications in all areas of economics, especially labor economics, industrial organization, and corporate finance. The book emphasizes applications rather than general theorems while providing selfcontained, intuitive treatment of the simple models analyzed. In this way, it can also serve as a reference for researchers interested in building contracttheoretic models in applied contexts.The book covers all the major topics in contract theory taught in most graduate courses. It begins by discussing such basic ideas in incentive and information theory as screening, signaling, and moral hazard. Subsequent sections treat multilateral contracting with private information or hidden actions, covering auction theory, bilateral trade under private information, and the theory of the internal organization of firms; longterm contracts with private information or hidden actions; and incomplete contracts, the theory of ownership and control, and contracting with externalities. Each chapter ends with a guide to the relevant literature. Exercises appear in a separate chapter at the end of the book.
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- Q: What is the main focus of 'Contract Theory' by Patrick Bolton? A: The book provides a comprehensive introduction to contract theory, emphasizing common themes, methodologies, and applications in key areas such as agency theory, information economics, and organization theory.
- Q: Who is the author of 'Contract Theory'? A: The author of 'Contract Theory' is Patrick Bolton.
- Q: What topics are covered in 'Contract Theory'? A: The book covers major topics in contract theory, including incentive theory, screening, signaling, moral hazard, auction theory, bilateral trade under private information, long-term contracts, incomplete contracts, and contracting with externalities.
- Q: Is 'Contract Theory' suitable for undergraduate students? A: Yes, 'Contract Theory' is suitable for graduate and advanced undergraduate levels, making it accessible for students studying economics.
- Q: When was 'Contract Theory' published? A: 'Contract Theory' was published on December 10, 2004.
- Q: What is the format of 'Contract Theory'? A: 'Contract Theory' is available in hardcover format.
- Q: How many pages does 'Contract Theory' contain? A: 'Contract Theory' contains a total of 744 pages.
- Q: What type of exercises are included in 'Contract Theory'? A: The book includes exercises in a separate chapter at the end, allowing readers to apply the concepts discussed throughout the text.
- Q: Does 'Contract Theory' provide references for further reading? A: Yes, each chapter ends with a guide to the relevant literature, helping readers explore additional resources.
- Q: What is the condition of 'Contract Theory' being sold? A: 'Contract Theory' is sold in new condition.