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Contract theory
Contract theory

Contract theory

Link: Download Contract theory

Date added: 28.03.2015
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This course focuses on recent developments in contract theory. Topics include: advanced models of moral hazard, adverse selection, mechanism design and

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Jump to John Rawls' Theory of Justice (1971) - in A Theory of Justice (1971), whereby rational This idea is also used as a game-theoretical 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. Page 1 of 7 What is Social Contract Theory? The concept of social contract theory is that in the beginning man lived in the state of nature. They had no

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Making the Case for Contract Theory. Oliver Hart. Abstract: Economics has changed a great deal in the last thirty years and there is every reason to think that theSocial contract theory, nearly as old as philosophy itself, is the view that persons' moral and/or political obligations are dependent upon a contract or agreement The contours of contract theory as a field are difficult to define. Many would argue that contract theory is a subset of Game Theory which is defined by the notion behavioral contract theory. In a well-known textbook less than a decade old, Bolton and. Dewatripont (2005, p. 10) wrote that “even though there is by now a

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