code: A7162      studiebelasting: 3 sp      periode: sem. 2
naam: Applied game theory: Bargaining and auctions
internet: homepage, rooster
opleiding/fase: econ/d23/profiel, ectrie/d23/major
voertaal: English
docent(en): dr. B. Visser
contactpersoon: mw. L.T.M. Terheijden-van Eijk
secretariaat: AE/Micro
aanmelding: bij secretariaat AE/Micro
toelatingseisen: -
aanbevolen:
  • A1530 - Micro-economie A
onderwijsvorm: 2 uur hoorcollege per week
tentamenvorm: to be determined
tentamenperiode: mei/juni, augustus (herkansing)
tentameneisen: -
tentamenstof: collegestof + verplichte literatuur

Objective

At the end of the course, you should have a sound understanding of the economic principles involved in auctions, negotiations and contracts. You will be able to evaluate the relevance of some statements put forward in current public debates about the adequacy, success and efficiency of, e.g., auctions, trade negotiations, and public/private contracts.

Content

What has economic theory, and in particular game theory, to say about UMTS auctions, international trade negotiations, CEO contracts, and the Japanese system of subcontracting?
The course discusses both the theoretical framework used to address the above question and its application to real world situations. Moreover, we will also look at experimental evidence.
Lectures about the theory will be given by Bauke Visser. Students are expected to present and discuss articles that can be found in the reader.

Required Literature

 6-2-2002