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Contract Theory [Hardcover]
Personal Review From Customer (Unbiased)
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Personal Review From Customer (Unbiased)
55 of fifty seven individuals found the subsequent review useful.
The Best Book on Contract Theory
By Sameer Mathur
We used selected elements of a preview version of this book at Carnegie Mellon in Fall 2004. This book is that the best - higher than Salanie's primer, that i'm familar with full and conjointly higher than Laffont's Theory of Incentives, that i'm familar with in elements.
The authors do an excellent job of synthesizing exhausting to browse Econometrica, JET, AER, QJE, articles right down to key insights and managable proportions. They gift leads to a way a graduate student will have an endeavor at understanding.
They discuss the expected topics - Adverse choice and ethical Hazard; Screening, Signaling, Auctions. they are doing a very sensible job of explaining Adverse choice and ethical Hazard during a dynamic framework.
This is exhausting material, on no account trivial reading. you wish some previous background in Microeconomic Theory of the extent of Mas Collel / Reny and Jehle / Kreps and Game Theory of the extent of Osbourne & Rubenstein / Fudenberg & Tirole. you furthermore may got to be a self-absorbed tutorial - ideally an enthusiastic and masochistic graduate student in Economics or closely connected discipline. None of those books are of any damned use within the "real" world.
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Contract Theory [Hardcover]
Product Details Amazon Sales Rank: #350506 in Books Published on: 2004-12-10 Original language: English Number of items: one Dimensions: 1.22" h x 7.30" w x 9.26" l, 2.49 pounds Binding: Hardcover 740 pages
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