How Long to Read The Economics of Contracts, second edition

How Long Does it Take to Read The Economics of Contracts, second edition?

It takes the average reader 4 hours and 24 minutes to read The Economics of Contracts, second edition by Bernard Salanie

Assuming a reading speed of 250 words per minute. Learn more

Description

A concise introduction to the theory of contracts, emphasizing basic tools that allow the reader to understand the main theoretical models; revised and updated throughout for this edition. The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational asymmetries. This popular text, revised and updated throughout for the second edition, serves as a concise and rigorous introduction to the theory of contracts for graduate students and professional economists. The book presents the main models of the theory of contracts, particularly the basic models of adverse selection, signaling, and moral hazard. It emphasizes the methods used to analyze the models, but also includes brief introductions to many of the applications in different fields of economics. The goal is to give readers the tools to understand the basic models and create their own. For the second edition, major changes have been made to chapter 3, on examples and extensions for the adverse selection model, which now includes more thorough discussions of multiprincipals, collusion, and multidimensional adverse selection, and to chapter 5, on moral hazard, with the limited liability model, career concerns, and common agency added to its topics. Two chapters have been completely rewritten: chapter 7, on the theory of incomplete contracts, and chapter 8, on the empirical literature in the theory of contracts. An appendix presents concepts of noncooperative game theory to supplement chapters 4 and 6. Exercises follow chapters 2 through 5. Praise for the previous edition: “The Economics of Contracts offers an excellent introduction to agency models. Written by one of the leading young researchers in contact theory, it is rigorous, clear, concise, and up-to-date. Researchers and students who want to learn about the economics of incentives will want to read this primer.”—Jean Tirole, Institut D'Économie Industrielle, Universite des Sciences Sociales, France “Students will find this a very useful introduction to the ideas of contract theory. Salanié has managed to summarize a large amount of material in a relatively short number of pages in a highly accessible and readable manner.”—Oliver Hart, Professor of Economics, Harvard University

How long is The Economics of Contracts, second edition?

The Economics of Contracts, second edition by Bernard Salanie is 257 pages long, and a total of 66,049 words.

This makes it 87% the length of the average book. It also has 81% more words than the average book.

How Long Does it Take to Read The Economics of Contracts, second edition Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours to read The Economics of Contracts, second edition aloud.

What Reading Level is The Economics of Contracts, second edition?

The Economics of Contracts, second edition is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Economics of Contracts, second edition?

The Economics of Contracts, second edition by Bernard Salanie is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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