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Searched for: "14.26" Subjects offered any term 1 subject found.
14.26 Economics of Incentives: Theory and Applications
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Prereq: 14.01
Units: 4-0-8
Lecture: MW10.30-12 (E51-361) Recitation: F11 (E51-372)
Provides a rigorous, but not overly technical introduction to the economic theory of incentives and organization together with a varying set of applications. These include, among others, the optimal design of sales and CEO incentive schemes; the impact of incentives on risk taking and innovation; tournament design; the analysis of venture capital and other forms of financial incentive contracts; relational and behavioral aspects of incentive contracts; and various organizational design problems.
B. Holmstrom
No textbook information available
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