The Economics of Contracts
- 256 pages
- 9 hours of reading
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.



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.
Focusing on the economics of taxation, this text integrates theoretical frameworks with empirical research and policy analysis. It explores the impact of taxes on economic behavior and equilibrium, providing insights for effective tax policy design. Key topics include the taxation of capital income, environmental taxes, and tax credits for low-income families, making it a valuable resource for understanding the implications of various tax systems and their influence on economic decisions.
Focusing on competitive markets, the author examines instances where they fail to reach optimal outcomes and explores various interventions designed to address these market failures. The analysis delves into the underlying causes of inefficiencies and the effectiveness of different solutions, providing insights into economic theory and practical applications.