Chargement en cours…

The theory of incentives : the principal-agent model /

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...

Description complète

Détails bibliographiques
Cote:Libro Electrónico
Auteur principal: Laffont, Jean-Jacques, 1947-2004
Autres auteurs: Martimort, David
Format: Électronique eBook
Langue:Inglés
Publié: Princeton, N.J. : Princeton University Press, 2002.
Collection:Book collections on Project MUSE.
Sujets:
Accès en ligne:Texto completo
Table des matières:
  • 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.