14.129 Advanced Contract Theory

As taught in: Spring 2005

Purple tulip in foreground, yellow tulip in background.

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.)




Prof. Sergei Izmalkov

Course Features

Course Description

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.