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Course Info

  • Course Number / Code:
  • 14.129 (Spring 2005) 
  • Course Title:
  • Advanced Contract Theory 
  • Course Level:
  • Graduate 
  • Offered by :
  • Massachusetts Institute of Technology (MIT)
    Massachusetts, United States  
  • Department:
  • Economics 
  • Course Instructor(s):
  • Prof. Sergei Izmalkov 
  • Course Introduction:

  • 14.129 Advanced Contract Theory

    Spring 2005

    Course Highlights

    14.129 Advanced Contract Theory

    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.)

    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.

    Recommended Citation

    For any use or distribution of these materials, please cite as follows:

    Sergei Izmalkov, course materials for 14.129 Advanced Contract Theory, Spring 2005. MIT OpenCourseWare (, Massachusetts Institute of Technology. Downloaded on [DD Month YYYY].


This course content is a redistribution of MIT Open Courses. Access to the course materials is free to all users.

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