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ECONOMICS OF CONTRACTS
SALANIE B. wydawnictwo: MIT PRESS , rok wydania 1997, wydanie I cena netto: 195.00 Twoja cena 185,25 zł + 5% vat - dodaj do koszyka
"Students will find
this a very useful introduction to the ideas of contract theory. Salanié has managed to
summarize a large amount of material in a relatively short number of pages in a highly
accessible and readable manner." Oliver Hart, Professor of Economics, Harvard
University
"The Economics of Contracts offers an excellent introduction to agency models.
Written by one of the leading young researchers in contract theory, it is rigorous, clear,
concise and up-to-date. Researchers and students who want to learn about the economics of
incentives will want to read this primer." Jean Tirole, Institut
d'Economie Industrielle, Université des Sciences Sociales, France
Although it is one of the
major achievements in the history of economic thought, the general equilibrium model is
not completely satisfactory as a descriptive tool. In the 1970s several economists settled
on a new way to study economic relationships that is often called the "economics of
information." The theory of contracts is one of its main building blocks.
The theory of contracts uses partial equilibrium models that take into account the full
complexity of strategic interactions between privately informed agents in well-defined
institutional settings. The models sum up the constraints imposed by the prevailing
institutional setting through a contract, either explicit or implicit. They make intensive
use of noncooperative game theory with asymmetric information.
The Economics of Contracts introduces graduate students and nonspecialist professional
economists to the theory of contracts. It grew out of a course Professor Salanié gave to
third-year Stanford graduate students and third-year students at the Ecole Nationale de la
Statistique et de l'Administration Economique. The book focuses on the methods used to
analyze the models, but also discusses a few of the many applications the theory has
generated in various fields of economics. The author's goal is to give readers the basic
tools to create their own applications.
232 pages
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