Economics of Contracts and Organizations

(The following schedule is subject to change.) 1. Introduction 2. Careers and Internal Labour Market (a) Compensation (b) Human Capital Acquisition (c) Promotion 3. Organizations of Work (a) Assignment and Hierarchies (b) Authority (c) Coordination versus Adaptation 4. Miscellaneous Issues Although the topics to be discussed are mainly theoretical, we will also be careful about the relationships with empirical works.

The course is going to be based on a series of lectures. We will mainly discuss theoretical insights and their empirical implications on the following topics (subject to change).

The grade will be based on two essays (mid-term and final), assigning mock referee reports on scholarly papers and research proposals.

Participants must have knowledge of (ideally advanced or at least intermediate) microeconomics and mathematics for economists: especially, game theory, economics of information and contract, constrained optimization, and probability. The instructor offered a course in the theory of incentives for graduate students (2025, S1), the knowledge of which may be helpful.