Contract theory I Patrick Bolton and Mathias Dewatripont. p. cm. Includes bibliographical references and index. ISBN 1. Contracts- Methodology. Book Review of “Contract Theory”. (Bolton and Dewatripont, ). Patrick W. Schmitz. Online at Economics A: Contract Theory in the theory of relational contracts and dynamic signalling. Bolton and Dewatripont (), Contract Theory, MIT Press .
| Author: | Fenriran Sahn |
| Country: | Norway |
| Language: | English (Spanish) |
| Genre: | Politics |
| Published (Last): | 23 March 2015 |
| Pages: | 420 |
| PDF File Size: | 13.60 Mb |
| ePub File Size: | 4.12 Mb |
| ISBN: | 774-8-78419-724-8 |
| Downloads: | 16014 |
| Price: | Free* [*Free Regsitration Required] |
| Uploader: | Kigalabar |
This long-awaited book fills the need for a comprehensive textbook on contract theory suitable for use at the graduate and advanced undergraduate levels.
My library Help Advanced Book Search. 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 will undoubtedly be the definitive text on the topic for many years dewatriopnt come.
The second edition incorporates much new material, including recent advances to two-sided market economics to which the authors have made substantial dewatdipont. The book emphasizes applications rather than general theorems while providing self-contained, intuitive treatment of the simple models analyzed.
A comprehensive introduction to contract theory, emphasizing common themes and methodologies as well as applications in key areas. Furer Professor of Economics, Harvard University ‘ Contract Theory is certainly the most important textbook on the frontiers of microeconomics since Tirole’s celebrated Theory of Industrial Organization.
It begins by discussing such basic ideas in incentive and information theory as screening, signaling, and moral hazard.
In this way, it can also serve as a reference for researchers interested in building contract-theoretic models in applied contexts. Evans, Hagiu and Schmalensee beautifully blend economics, history, and business analysis to shed light on how businesses and policy makers should design their strategies. His book on fair division is an elegant overview of modern contributions to an ancient problem. It also presents many applications in all areas of economics, especially labor economics, industrial organization, and corporate finance.
Each chapter ends with a guide to the relevant literature. The book emphasizes applications rather than general theorems while providing self-contained, intuitive treatment of the simple models analyzed. This long-awaited book fills the need for a comprehensive textbook on contract theory suitable for use at the graduate and advanced undergraduate levels.
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.
Each chapter ends with a guide to the relevant literature. This version should be used for all other purposes. This new quote arrived too late for the jacket, so the first quote will be used there.
Contract Theory – Patrick Bolton, Mathias Dewatripont – Bok () | Bokus
This book will appeal not only to policy-makers and business executives, but also to the theoretically inclined economist. The book covers all the major topics in contract theory taught in most graduate courses.
Read, highlight, and take notes, across web, tablet, and phone. A comprehensive introduction to contract theory, emphasizing common themes and methodologies as well as applications in key areas. Bloggat om Contract Theory. Exercises appear in a separate chapter at the end of the book. Advances in Economics and Econometrics Mathias Dewatripont.
Patrick Bolton is John H. This exciting book will be a key resource for practitioners and academics interested in knowing how software platforms work and where information technologies are heading. It is a must-read for anyone who wants to understand the economic forces that drive high-tech industries. Account Options Sign in.
The book covers all the major topics in contract theory taught in most graduate courses. Arrived too late to appear on book jacket. 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; long-term contracts dewatrripont private boltn or hidden actions; and incomplete contracts, the theory of ownership and control, and contracting with externalities.
All this contributes to making the book not only the unavoidable teaching and research reference on contract theory, but also a unique tribute to economics at its best.
It also presents many applications in all areas of economics, especially labor economics, industrial organization, and corporate finance.
Exercises appear in a separate chapter at the end of the book. Despite the vast research literature on dewatgipont relating to contract theory, only a few of the field’s core ideas are covered in microeconomics textbooks.
Contract Theory
Bolton and Dewatripont have done a marvelous job of providing an exhaustive account of the field, using only very simple and self-contained models and relying on a whole battery of economic applications. 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; long-term contracts with private information or hidden actions; and incomplete contracts, the theory of ownership and control, and contracting with externalities.
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. Nevertheless, Dalia Marin and Monika Schnitzer make a compelling and intriguing case that, if planned with care, barter can play a valuable role in both international trade and transitional economies. Skickas inom vardagar. In this way, it can also serve as a reference for researchers interested in building contract-theoretic models in applied contexts.
It begins by discussing such basic ideas in incentive and information theory as screening, signaling, and moral hazard.