The theory of incentives : the principal-agent model / Jean-Jacques Laffont and David Martimort.
2002
HB171 .L22 2002eb
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Details
Title
The theory of incentives : the principal-agent model / Jean-Jacques Laffont and David Martimort.
ISBN
9781400829453 (electronic bk.)
1400829453 (electronic bk.)
1282608088
9781282608085
0691091838 (alk. paper)
0691091846 (pbk. ; alk. paper)
9780691091846
9786612608087
6612608080
9780691091839
0691091838
1400829453 (electronic bk.)
1282608088
9781282608085
0691091838 (alk. paper)
0691091846 (pbk. ; alk. paper)
9780691091846
9786612608087
6612608080
9780691091839
0691091838
Published
Princeton, N.J. : Princeton University Press, 2002.
Copyright
©2002
Language
English
Description
1 online resource (xii, 421 pages) : illustrations
Call Number
HB171 .L22 2002eb
System Control No.
(OCoLC)650308444
Summary
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 econo.
Bibliography, etc. Note
Includes bibliographical references (pages 399-412) and indexes.
Formatted Contents Note
Cover; Title; Copyright; Contents; Foreword; Introduction; 1 Incentives in Economic Thought; 2 The Rent Extraction-Efficiency Trade-Off; 3 Incentive and Participation Constraints with Adverse Selection; 4 Moral Hazard: The Basic Trade-Offs; 5 Incentive and Participation Constraints with Moral Hazard; 6 Nonverifiability; 7 Mixed Models; 8 Dynamics under Full Commitment; 9 Limits and Extensions; References; Author Index; Subject Index.
Source of Description
Description based on electronic resource.
Added Author
Series
Book collections on Project MUSE.
Available in Other Form
Print version: Laffont, Jean-Jacques, 1947- Theory of incentives. Princeton, N.J. : Princeton University Press, ©2002
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