5807 Contract Theory
Univ.Prof. Dr. Christian Laux
  • LV-Typ
  • Semesterstunden
  • Unterrichtssprache
15.02.2016 bis 29.02.2016
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Doktorat/PhD
Wochentag Datum Uhrzeit Raum
Dienstag 10.05.2016 15:00 - 17:30 D4.4.213
Donnerstag 12.05.2016 15:00 - 17:30 D4.4.141
Dienstag 17.05.2016 16:00 - 18:00 D4.4.213
Donnerstag 19.05.2016 15:00 - 17:30 D4.4.213
Montag 23.05.2016 15:00 - 17:30 D4.4.213
Dienstag 14.06.2016 15:00 - 17:30 D4.4.213
Donnerstag 16.06.2016 15:00 - 17:30 D4.4.213
Montag 20.06.2016 15:00 - 17:30 D4.4.213
Donnerstag 23.06.2016 15:00 - 17:30 D4.4.213

Inhalte der LV

Hidden Information, Screening and Signaling (Parts of Chapter 2 and 3*)

Hidden Action, Moral Hazard (Parts of Chapter 4)

Moral Hazard: Extensions and Applications

- Moral Hazard in Teams: Unobservable Individual Output (see Chapter 8.1.1)

- Multiple Signals (see Chapter 8.1.3)

- Relative Performance Evaluation and Tournaments (see Chapter 8.1.4)

- Some Remarks on Multiple Multiple Tasks

Topics of Interest to be decided in class

(* Chapter references refer to Bolton and Dewatripont’s book.)

Lernergebnisse (Learning Outcomes)

The course provides a thorough introduction to contract theory, in particular, hidden information (screening and signaling) and hidden action (moral hazard) for doctoral students. Contract theory has been successfully applied in economics, finance, organization, management, and corporate law. The course is intended to provide participants with the knowledge to understand and analyze state-of-the-art papers in this field, as well as to do own research in this area. Special emphasis is put on understanding the implications of certain assumptions and avoiding potential problems when choosing the structure of the model. The course will follow closely the book “Contract Theory” by Patrick Bolton and Mathias Dewatripont; in particular chapters 1 to 4. Participants are required to follow the relevant chapters in the book and to carefully study the exercise questions at the end of this handout.


Lecture, in class discussion, excercises, presentation of papers.

Leistung(en) für eine Beurteilung

Exam, homework exercises, presentation of a paper, which will be assigned in class.

Teilnahmevoraussetzung(en) und Vergabe von Wartelistenplätzen

You have to register via e-mail!

Erreichbarkeit des/der Vortragenden

Zuletzt bearbeitet: 12.01.2016