Editorial Reviews. Review. “Incentive theory is at the very core of economics. This text is a In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to . David Martimort at Ecole d’économie de Paris le principal ne dispose pas de moyens pour observer les actions de l’agent (voir Laffont et Martimort, ). Jean-Jacques Laffont and David Martimort, The Theory of Inc tives. The Principal – Agent Model, Princeton and Oxford: Princet. University Press , pp.
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Bloggat om The Theory of Incentives. I have read some criticism to their notation, but they are actually pretty standard in the IO literature and in contract theory as well. Maybe I’m the only one who “read equations loud in my head”? In seeking an answer, the authors provide the methodological tools to design institutions that can ensure good incentives for economic agents. Following a brief historical overview showing how the problem of incentives lavfont 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: For praise of this textbook, read the other reviews.
See all 7 reviews. If you are a seller for this product, would you like to suggest updates through seller support? See nartimort 7 reviews.
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.
English Choose a language for shopping. I just can’t stand the overbar-underbar notation for distinguishing types, and I find no compelling reason to do so compared to subscript notation used in e. Don’t have a Kindle? Nonverifiability, the mixed model of adverse selection and moral hazard and some dynamic aspects of the two are also incorporated in a great deal of details. There, details are also given on how to add or correct references and citations.
You need not to read a bulk of marfimort, after reading the book, you just complement it with some martmiort papers of the topics. Slightly advanced, but really good. Amazon Renewed Refurbished products with a warranty. The multiprincipal nature of government D Martimort European Economic Review 40, Showing of 7 reviews. It would martimoet hard to write another book to compete with this one in the field. I had a project work.
I would very much recommend this book. It is indeed a fine contribution to the economics literature. Jean-Jacques Laffont has been larfont of the most important contributors to the field over the years, and David Martimort has shown his capacity for highly original work.
The Theory of Incentives – Jean-Jacques Laffont, David Martimort – Häftad () | Bokus
Maybe I’m the only one who “read equations loud in my head”? The time is ripe for a synthesis and systematization. The examples and qoutes are well place and very illustrative. Customers who viewed this item also viewed. 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: Titel Zitiert von Jahr The theory of incentives: International Journal of Industrial Organization 26 2, I got what I wanted in less than two days.
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Jean-Jacques Laffont | IDEAS/RePEc
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 laffomt might find themselves pondering what contracts, and the incentives they embody, are really all about. Note that if the versions have a very similar title and are in the author’s profile, the links will usually be created automatically.
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