The Theory of Incentives : : The Principal-Agent Model /

The Theory of Incentives : : The Principal-Agent Model / / Jean-Jacques Laffont, David Martimort.

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...

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Bibliographic Details
Superior document:Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
VerfasserIn:
Laffont, Jean-Jacques,
Martimort, David,
Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2009]
©2002
Year of Publication:2009
Language:English
Online Access:
Physical Description:1 online resource (440 p.) :; 70 line illus.
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Table of Contents:
  • Frontmatter
  • 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

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