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By Bernard Salanie
Bernard Salanie, 2005
This text offers a concise and rigorous introduction to contract theory, originating from the limitations of general equilibrium models in addressing strategic interactions due to informational asymmetries. The second edition has been thoroughly revised and updated. It focuses on core models of adverse selection, signaling, and moral hazard, emphasizing analytical methods while providing brief introductions to various economic applications. The aim is to equip readers with the foundational tools for understanding and developing their own contract models.