14.26 Economics of Incentives: Theory and Applications
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.
This class has 14.01 as a prerequisite.
14.26 will be offered this semester (Spring 2018). It is instructed by B. Holmstrom.
Lecture occurs 10:30 AM to 12:00 PM on Mondays and Wednesdays in E51-361.
This class counts for a total of 12 credits. This class counts as a HASS S.
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