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Product details

File Size: 1701 KB

Print Length: 256 pages

Publisher: The MIT Press; 2 edition (March 11, 2005)

Publication Date: March 11, 2005

Sold by: Amazon Digital Services LLC

Language: English

ASIN: B0081YPA66

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Amazon Best Sellers Rank:

#873,010 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

...so if that's what you want, then this book is for you. However, if you're using this for your first look at contract theory, you may well be disappointed (as I am). I don't credit Salanie for leaving out the technical details of the models, because he doesn't effectively convey the depth of the models in his largely intuitive treatment. I'm all for intuition and simplicity, but his book leaves me with more questions than answers after reading it.I'm browsing around on Amazon for a better book, so I thought I'd write a quick rating so that other lowly beginners like me don't make the same mistake I made in purchasing this as my only textbook.On the other hand, I suppose if you want a concise overview with the sketch of most of the important contract theory models, then this might be what you're looking for.

Useful

If you only want to have a simple and well-grounded exposition of Contract Theory that is, to my knowledge, the best book. As an introduction is far more straightforward than Macho-Stadler. Now, if you want an expert material to be used for a graduate course, then Bolton & Dewatripont, and Laffont & Martimort are recommended. Salanié is a gifted writer when it comes to concise math with careful exposition of concepts and ideas.

This book is a great introduction, as well as a very handy reference for contracting research. It achieves what it initially focuses on achieving plus has some tools to build intuition, along with references where needed. Although might not be complete, but it certainly doesnt promise a thorough discussion of contracts. This is a must have along with Bolton and Dewatripont.

I loved that book because it explains the theory of contracts in an easy way buy with no lack of formality

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