Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 23 No 5 May/June 2018

Book of the Month

Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

Price: £110.00

Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


Lowe legislation jp
Sealy millman 2018 jp
Desmith out now
Luba housing

The Economics of Contracts

Image not available lge
Bernard SalanieHead of the Laboratoire d'Economie Industrielle, CREST, Paris, France

ISBN13: 9780262193863
ISBN: 0262193868
Published: June 1999
Publisher: The MIT Press Ltd
Format: Hardback
Price: £25.95

Despatched in 5 to 7 days.

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.

Image not available lge
Part 1 Introduction: the great families of models; the principal-agent model; overview of the book; references.
Part 2 Adverse selection - general theory: mechanism design; a discrete model of price discrimination; the standard model; exercises; references.
Part 3 Adverse selection - examples and extensions: examples of applications; extensions; exercises and references.
Part 4 Signalling models: the market for second-hand cars; costly signals; costless signals; other examples; the informed principal; exercises; references.
Part 5 Moral hazard: a simple example; extensions examples and applications; wage determination; exercises; references.
Part 6 The dynamics of complete contracts: commitment and renegotiation; strategic commitment; what are complete contracts? adverse selection; moral hazard; references.
Part 7 Incomplete contracts: observable but nonverifiable effort; property and residual control rights; contract incompleteness and underinvestment; conclusion remarks; references.
Part 8 Some empirical work: adverse selection models; moral hazard models; conclusion; references. Appendices - some noncooperative game theory: games of perfect information; games of incomplete information.