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The Theory of Incentives: The Principal-Agent Model
Jean-Jacques Laffont
€ 52.99
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Description for The Theory of Incentives: The Principal-Agent Model
Paperback. Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: adverse selection, moral hazard, and non-verifiability. Num Pages: 440 pages, 70 line illus. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 252 x 177 x 28. Weight in Grams: 924.
Economics has much to do with incentives--not least, incentives to work hard, to produce quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this more than two hundred years ago in his analysis of sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: ... Read more
Economics has much to do with incentives--not least, incentives to work hard, to produce quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this more than two hundred years ago in his analysis of sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
440
Format
Paperback
Publication date
2002
Condition
New
Weight
900g
Number of Pages
440
Place of Publication
New Jersey, United States
ISBN
9780691091846
SKU
V9780691091846
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Jean-Jacques Laffont
Jean-Jacques Laffont is Professor of Economics and Director of the Institut d'Economie Industrielle (IDEI) at the University of Social Sciences in Toulouse, one of Europe's leading centers for the study of economics. He has won a number of prestigious awards for his research and is a former President of the European Economic Association and of the Econometric Society. His books ... Read more
Reviews for The Theory of Incentives: The Principal-Agent Model
"Incentive theory is at the very core of economics. This text is a masterly exposition of the modern theory by one of the pioneers of the field, Jean-Jacques Laffont, together with one of its rising stars, David Martimort." - Eric Maskin, Institute for Advanced Study "This book will surely be the standard technical reference in an important field for a ... Read more