PDF Download The Economics of Contracts: A Primer, 2nd Edition (The MIT Press)
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The Economics of Contracts: A Primer, 2nd Edition (The MIT Press)
PDF Download The Economics of Contracts: A Primer, 2nd Edition (The MIT Press)
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Review
Salanié provides a broad overview of the economics of contracts. Concision and clarity make the book an elegant introduction to the subject for newcomers. But it is also a useful reference for experienced students and researchers.―Roger Guesnerie, Collège de FranceSalanié has written an elegant book, concise in its explanations and tightly focused on the most useful models and results of contract theory. His experience in both theory building and theory testing are plain to see in his sure-handed choices, which separate the chaff from the wheat in this huge and growing body of theory. I recommend this book highly to students and newcomers to the economic theory of contracts.―Paul Milgrom, Professor of Economics, Stanford UniversityThe first edition of Salanié's book provided an insightful introduction to the modern economics of incentives and contracts. This second edition keeps up with recent advances while maintaining the emphasis on key ideas and intuitions. A great read.―Patrick Rey, IDEI, University of Toulouse
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About the Author
Bernard Salanié is Professor of Economics at Columbia University. Formerly Director of CREST (Paris), he has taught at Ecole Polytechnique, Stanford University, the University of Chicago, and the Toulouse School of Economics. Salanié is the author of Microeconomics of Market Failures (2000) and The Economics of Contracts: A Primer (second edition, 2005), both published by the MIT Press.
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Product details
Series: The MIT Press
Paperback: 256 pages
Publisher: The MIT Press; second edition edition (February 17, 2017)
Language: English
ISBN-10: 0262534223
ISBN-13: 978-0262534222
Product Dimensions:
6 x 0.4 x 9 inches
Shipping Weight: 15.2 ounces (View shipping rates and policies)
Average Customer Review:
4.3 out of 5 stars
5 customer reviews
Amazon Best Sellers Rank:
#792,174 in Books (See Top 100 in Books)
...so if that's what you want, then this book is for you. However, if you're using this for your first look at contract theory, you may well be disappointed (as I am). I don't credit Salanie for leaving out the technical details of the models, because he doesn't effectively convey the depth of the models in his largely intuitive treatment. I'm all for intuition and simplicity, but his book leaves me with more questions than answers after reading it.I'm browsing around on Amazon for a better book, so I thought I'd write a quick rating so that other lowly beginners like me don't make the same mistake I made in purchasing this as my only textbook.On the other hand, I suppose if you want a concise overview with the sketch of most of the important contract theory models, then this might be what you're looking for.
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If you only want to have a simple and well-grounded exposition of Contract Theory that is, to my knowledge, the best book. As an introduction is far more straightforward than Macho-Stadler. Now, if you want an expert material to be used for a graduate course, then Bolton & Dewatripont, and Laffont & Martimort are recommended. Salanié is a gifted writer when it comes to concise math with careful exposition of concepts and ideas.
This book is a great introduction, as well as a very handy reference for contracting research. It achieves what it initially focuses on achieving plus has some tools to build intuition, along with references where needed. Although might not be complete, but it certainly doesnt promise a thorough discussion of contracts. This is a must have along with Bolton and Dewatripont.
I loved that book because it explains the theory of contracts in an easy way buy with no lack of formality
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