|
| Course Outline |
I.
|
Principal – Agent
models (Read MWG Chapter 14)
a. Moral hazard
b. Adverse selection
c. All together
|
II.
|
Public Economics (Read MWG Chapter
11)
a. Public goods in General Equilibrium
b. Commodity taxation, Ramsey pricing
c. Income taxation - Mirrlees, Diamond, Berliant
d. Cost-benefit analysis - Harberger, Chipman – Moore
e. Optimal Growth and Voting - Boylan - Ledyard - McKelvey
f. Overlapping generations, social security
g. Environmental externalities and solutions
|
III.
|
Industrial Organization (Read
MWG Chapter 12)
a. Monopoly
b. Regulation – Ramsey, Baron-Myerson, ….
c. Oligopoly – Cournot, Bertrand, Green-Porter
d. Monopoly competition, differentiation,….
e. Reputation, limit pricing, predation, …
f. R&D, patent races, …
|
IIII.
|
Mechanism Design (Read MWG Chapter
23)
a. Auctions (I assume you will have had this in ss201c)
b. Public goods/Externalities
• Voting (I assume you know this from your other courses)
• Dominant Strategy implementation - Groves
• Nash implementation
• Planning - Malinvaud, Dreze, Roberts
• Bayes implementation - d’Aspremont/Gerard-Varet, Ledyard-Palfrey
c. Markets, Bargaining
d. Complexity
|
| Reference |
Mas-Colell,
Whinston, and Green |
|
