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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
14.129
Spring 2005
Graduate
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.
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