The Theory of Incentives: The Principal-Agent Model PDF Download Ebook. Jean-Jacques Laffont and David Martimort present accessible introduction to incentives theory to date. Central to this principle is a simple question as pivotal to fashionable-day management as it’s to economics research.
What makes individuals act in a selected means in an economic or business situation? In in search of a solution, the authors present the methodological instruments to design institutions that can ensure good incentives for financial agents. This text offers with the essential models of the sector, combines readability, thoroughness, and nice respect for historic development.
This book focuses on the principal-agent mannequin, the “simple” scenario the place a principal, or firm, delegates a activity to a single agent through a contract–the essence of management and contract theory. How does the proprietor or manager of a agency align the aims of its numerous members to maximize profits?
Following a quick historical overview exhibiting how the issue of incentives has come to the fore up to now two centuries, the authors dedicate the majority of their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: antagonistic selection, ethical hazard, and non-verifiability.
Offering an unprecedented have a look at a topic very important to industrial organization, labor economics, and behavioral economics, this book is set to develop into the definitive useful resource for students, researchers, and others who would possibly discover themselves pondering what contracts, and the incentives they embody, are really all about.
The Theory of Incentives: The Principal-Agent Model [Paperback]
Jean-Jacques Laffont and David Martimort
Princeton University Press (December 26, 2001)
421 pages
or
Download The Theory of Incentives: The Principal-Agent Model PDF Ebook :
Posts Related to The Theory of Incentives: The Principal-Agent Model
![An Introduction to the Economics of Information]( "An Introduction to the Economics of Information")
An Introduction to the Economics of Information
An Introduction to the Economics of Information: Incentives and Contracts by Inés Macho-Stadler focuses on the speculation of contracting beneath ...
![The Economics of Contracts: A Primer 2nd Edition]( "The Economics of Contracts: A Primer 2nd Edition")
The Economics of Contracts: A Primer 2nd Edition
The Economics of Contracts: A Primer 2nd Edition by Bernard Salanie gives rigorous introduction to the speculation of contracts for ...
![Contract Theory, Patrick Bolton and Dewatripont]( "Contract Theory, Patrick Bolton and Dewatripont")
Contract Theory, Patrick Bolton and Dewatripont
Contract Theory by Patrick Bolton and Mathias Dewatripont covers the areas of company idea, information economics, and organization idea, highlighting ...
![Two-Sided Matching: A Study in Game-Theoretic Modeling and Analysis]( "Two-Sided Matching: A Study in Game-Theoretic Modeling and Analysis")
Two-Sided Matching: A Study in Game-Theoretic Modeling and Analysis
Two-Sided Matching: A Study in Game-Theoretic Modeling and Analysis, by Alvin E. Roth and Marilda A. Oliveira Sotomayor gives mannequin ...
