This course will focus on the role of professionals in creating value through transaction engineering. The first half will be devoted to barriers to transacting - information problems, transaction costs, enforceability, strategic behavior, contracting over time - and a range of responses, such as option theory, decision theory, risk management, reputation markets, incentive alignment, and techniques for eliminating information asymmetries. In the second half, we will look at actual deals and apply the tools developed in the first half to a series of real transactions. The goal of the course is to explain both how private parties actually order their commercial interactions and to develop a systematic theory of how they ought to do so.
|Monday||10:30 am - 12:20 pm||TNH 3.129|
|Wednesday||10:30 am - 12:20 pm||TNH 3.114|
|Evaluation Method||Date||Time||Alpha Range||Room|
- Course Type
Litvak, Katherine V