Principal Agent Model: The Economic Theory of Incentives (International Library of Critical Writings in Economics)

Principal Agent Model: The Economic Theory of Incentives (International Library of Critical Writings in Economics)

by Jean-Jacques Laffont
     
 

ISBN-10: 1843762404

ISBN-13: 9781843762409

Pub. Date: 09/01/2003

Publisher: Elgar, Edward Publishing, Inc.

Laffont (economics, University of Southern California) presents articles mainly from the 1970s-80s, plus a few classic articles and articles from the 1990s, on foundations of the economic theory of incentives, the theory of moral hazard, adverse selection, and advanced topics. Some specific topics include uncertainty and welfare economics, an analysis of the principal

Overview

Laffont (economics, University of Southern California) presents articles mainly from the 1970s-80s, plus a few classic articles and articles from the 1990s, on foundations of the economic theory of incentives, the theory of moral hazard, adverse selection, and advanced topics. Some specific topics include uncertainty and welfare economics, an analysis of the principal-agent problem, the trade-off between risk spreading and appropriate incentives, and the theory of moral hazard and unobservable behavior. Other subjects are monopoly and product quality, regulation and information in a continuing relationship, Nash equilibrium and welfare optimality, and aggregation and linearity in the provision of intertemporal incentives. Annotation ©2004 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9781843762409
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
09/01/2003
Series:
International Library of Critical Writings in Economics
Pages:
720
Product dimensions:
6.88(w) x 9.50(h) x (d)

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >