BN.com Gift Guide

Explicit and Implicit Incentives for Multiple Agents

Overview

Explicit and Implicit Incentives for Multiple Agents presents research on three themes related to multiagent incentives, taking the view that developing a better understanding of multiagent incentives is central to developing a better understanding of observed institutions. First, in preventing tacit collusion, confession is an alternative to ratting that allows for less demanding behavioral assumptions than Bayes-Nash, while approximately implementing the second-best (Bayes-Nash) solution. Second, optimal robust...
See more details below
Other sellers (Paperback)
  • All (3) from $67.61   
  • New (2) from $67.61   
  • Used (1) from $78.92   
Sending request ...

Overview

Explicit and Implicit Incentives for Multiple Agents presents research on three themes related to multiagent incentives, taking the view that developing a better understanding of multiagent incentives is central to developing a better understanding of observed institutions. First, in preventing tacit collusion, confession is an alternative to ratting that allows for less demanding behavioral assumptions than Bayes-Nash, while approximately implementing the second-best (Bayes-Nash) solution. Second, optimal robust contracts designed to deal with a variety of settings are qualitatively similar to the standard optimal contracts when the variety is small and qualitatively different than the standard ones when the variety is large. When the variety is large, individual rather than relative performance evaluation is optimal in moral hazard settings, and procurement contracts similar to observed second-price procurement auctions emerge as optimal in adverse selection. Such contracts are not subject to the tacit collusion problem by virtue of providing dominant strategy incentives. Third, in repeated settings, collusion can be turned into cooperation (implicit contracting between the agents that benefits the principal) by using aggregate performance measures to motivate the agents to mutually monitor each other. The monograph surveys existing research on these three themes and presents new results. The focus of the monograph is on managerial accounting applications. The conclusion presents preliminary applications of the ideas to financial reporting regulation.
Read More Show Less

Product Details

  • ISBN-13: 9781601986320
  • Publisher: Now Publishers
  • Publication date: 12/7/2012
  • Pages: 86
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.18 (d)

Table of Contents

Introduction. Adverse Selection. Moral Hazard. Implicit Contracts. Conclusion. References
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)