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Title: This is not a good book to study contract theory
Review: After skimming over this book and reading through some of its chapters, I have to say that it is not a good book for PhD students to study contract theory. Generally speaking, the authors failed to provide a clear explanation of a certain concept before they move hastily into the model analysis in most of the chapters. I do not doubt that they really had a mastery of these concepts, but I often can not get a clear picture of what the problem they talk about in certain chapter is.
