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The Theory of Incentives by David Martimort NEW Paperback softback

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Last updated on 11 Jun, 2025 09:31:59 BSTView all revisionsView all revisions

Item specifics

Condition
New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Title
The Theory Of Incentives
Weight
886
EAN
9780691091846
ISBN-10
0691091846
Date of Publication
20020115
Place of Publication
United States
Book Series
N/A
Genre
KCA
Narrative Type
N/A
Features
N/A
Intended Audience
N/A
Ex Libris
No
Editor
N/A
Edition
N/A
Pagination
440 Pages, 70 Line Illus.
Dimensions
252 X 177 X 28
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
Author
David Martimort, Jean-Jacques Laffont
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
Author
David Martimort, Jean-Jacques Laffont
Format
Paperback

Dimensions

Item Height
254 mm
Item Weight
879 g
Item Width
178 mm

Additional Product Features

Country/Region of Manufacture
United States
Title_Author
Jean-Jacques Laffont, David Martimort

Item description from the seller

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I certify that all my selling activities will comply with all EU laws and regulations.
VAT number: GB 160565025
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Welcome to our eBayRyefield Books is an eBay store for classic and educational English books.My team and I aim to provide an excellent service to all our customers with great prices and fast shipping. ...
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