Named after the famous tulip bulb auctions of the Netherlands in the 17th century, a Dutch auction proceeds by reducing the price until a buyer is found. To learn more about this type of auction, please see lecture 4 in the lecture notes of this course. (Image courtesy of Aayesha Siddiqui.)
This course focuses on recent developments in contract theory. Topics include: advanced models of moral hazard, adverse selection, mechanism design and incomplete contracts with applications to theory of the firm, organizational design, and financial structure.
For any use or distribution of these materials, please cite as follows:
Sergei Izmalkov, course materials for 14.129 Advanced Contract Theory, Spring 2005. MIT OpenCourseWare (http://ocw.mit.edu/), Massachusetts Institute of Technology. Downloaded on [DD Month YYYY].