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1 Burnside Economics- General

This title in other editions

The Economics of Contracts: A Primer

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The Economics of Contracts: A Primer Cover

 

Synopses & Reviews

Publisher Comments:

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.

Synopsis:

An introduction for graduate students and nonspecialist professional economists to the theory of contracts. The book focuses on the methods used to analyze the models, and discusses a few of the many applications the theory has generated in various fields of economics.

Synopsis:

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.

About the Author

Bernard Salanié is Research Fellow of LEI (CREST) in Paris, Professor at École Polytechnique, and Managing Editor of the Review of Economic Studies. His books include The Microeconomics of Market Failures (2000) and The Economics of Taxation (2003), both published by The MIT Press.

Product Details

ISBN:
9780262193863
Subtitle:
A Primer
Author:
Salanie, Bernard
Author:
Bernard
Author:
eacute
Author:
&
Author:
Salani
Publisher:
The MIT Press
Location:
Cambridge, Mass. :
Subject:
Economic aspects
Subject:
Economics - Theory
Subject:
Contracts
Subject:
Contracts -- Economic aspects.
Subject:
Economics - General
Edition Description:
Includes bibliographical references and index.
Series Volume:
2
Publication Date:
19970315
Binding:
Hardback
Grade Level:
Professional and scholarly
Language:
English
Illustrations:
23
Pages:
232
Dimensions:
9.28x6.27x.73 in. 1.09 lbs.

Related Subjects

History and Social Science » Economics » General
History and Social Science » Law » General

The Economics of Contracts: A Primer Used Hardcover
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Product details 232 pages MIT Press - English 9780262193863 Reviews:
"Synopsis" by , An introduction for graduate students and nonspecialist professional economists to the theory of contracts. The book focuses on the methods used to analyze the models, and discusses a few of the many applications the theory has generated in various fields of economics.
"Synopsis" by , 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.
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