Game Theory II

This course is a more or less self-contained sequel to ECON 0380. The focus is on games with asymmetric information, and the list of topics includes games of moral hazard with hidden action or hidden knowledge, adverse selection games, mechanism design and contract theory, games of screening and signaling, and auctions. We shall also consider their application to such diverse fields as labor economics, finance, industrial organization and political economy. (ECON 0255 required; ECON 0380 recommended) 3 hrs. sem.