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The Theory of Incentives: The Principal-Agen
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- Buy it nowThe Theory of Incentives: The Principal-Agent Model by Jean-Jacques Laffont (Eng
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Item specifics
- Condition
- ISBN-13
- 9780691091846
- Book Title
- The Theory of Incentives
- ISBN
- 9780691091846
- Publication Year
- 2002
- Type
- Textbook
- Format
- Paperback
- Language
- English
- Publication Name
- The Theory of Incentives: the Principal-Agent Model
- Item Height
- 254 mm
- Publisher
- Princeton University Press
- Subject
- Government
- Item Weight
- 879 g
- Item Width
- 178 mm
- Number of Pages
- 440 Pages
About this product
Product Information
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: What makes people act in a particular way in an economic or business situation? In seeking an answer, the authors provide the methodological tools to design institutions that can ensure good incentives for economic agents. This book focuses on the principal-agent model, the simple situation where a principal, or company, delegates a task to a single agent through a contract--the essence of management and contract theory. How does the owner or manager of a firm align the objectives of its various members to maximize profits?Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors devote the bulk of 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. Offering an unprecedented look at a subject vital to industrial organization, labor economics, and behavioral economics, this book is set to become the definitive resource for students, researchers, and others who might find themselves pondering what contracts, and the incentives they embody, are really all about.
Product Identifiers
Publisher
Princeton University Press
ISBN-13
9780691091846
eBay Product ID (ePID)
90302783
Product Key Features
Number of Pages
440 Pages
Publication Name
The Theory of Incentives: the Principal-Agent Model
Language
English
Subject
Government
Publication Year
2002
Type
Textbook
Format
Paperback
Dimensions
Item Height
254 mm
Item Weight
879 g
Item Width
178 mm
Additional Product Features
Country/Region of Manufacture
United States
Item description from the seller
Seller business information
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- g***r (85)- Feedback left by buyer.Past 6 monthsVerified purchaseas described, fast delivery. Packaging inadequate for a heavy expensive boxset (thin cardboard sleeve with no bubblewrap or protective material) so the set arrived damaged. Customer service were quick to respond however, and sent a partial refund.
- i***c (697)- Feedback left by buyer.Past monthVerified purchaseSent out and received superfast really well packaged in a hard box and protective paper inside the box, brand-new and sealed excellent price good quality beautiful cards thank you so much another brilliant buy from the Nile always had a positive experience buying from this store my 3rd purchase thank you very much very happy customer 😊👍🏻
- r***r (156)- Feedback left by buyer.Past monthVerified purchaseArrived within the given time frame - well packaged and as described. The seller was quick to resopnd to any questions I had regarding the order. Would highly recommend this shop.
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Seller Feedback (51,724)
- g***r (85)- Feedback left by buyer.Past 6 monthsVerified purchaseas described, fast delivery. Packaging inadequate for a heavy expensive boxset (thin cardboard sleeve with no bubblewrap or protective material) so the set arrived damaged. Customer service were quick to respond however, and sent a partial refund.
- i***c (697)- Feedback left by buyer.Past monthVerified purchaseSent out and received superfast really well packaged in a hard box and protective paper inside the box, brand-new and sealed excellent price good quality beautiful cards thank you so much another brilliant buy from the Nile always had a positive experience buying from this store my 3rd purchase thank you very much very happy customer 😊👍🏻
- r***r (156)- Feedback left by buyer.Past monthVerified purchaseArrived within the given time frame - well packaged and as described. The seller was quick to resopnd to any questions I had regarding the order. Would highly recommend this shop.