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.
|Published (Last):||12 August 2007|
|PDF File Size:||15.35 Mb|
|ePub File Size:||6.7 Mb|
|Price:||Free* [*Free Regsitration Required]|
I got what I wanted in less than two days. Princeton University Press January 15, Language: Showing of 7 reviews.
Jean-Jacques Laffont | IDEAS/RePEc
To build or not to build: Amazon Restaurants Food delivery from local restaurants. A stackelberg signaling equilibrium ,” Games and Economic BehaviorElsevier, vol.
There was a problem filtering reviews right now. But will buy one. Amazon Renewed Refurbished products with a warranty. The Review of Economic Studies 66 4, White Center for Financial Research.
The Free-Rider Problem 14 1. This text is a masterly exposition of the modern theory by one of the pioneers of the field, Jean-Jacques Laffont, together with one of its rising stars, David Martimort.
David Martimort – Google Scholar Citations
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Advances in Financial Machine Learning. Applications are well presented along the models.
The multiprincipal nature of government D Martimort European Marttimort Review 40, Uprooting Capitalism and Democracy for a Just Society. Amazon Advertising Find, attract, and engage customers. It is indeed a fine contribution to the economics literature. Learn more about Amazon Giveaway.
Economics has much to do with incentives–not least, incentives to work hard, to produce quality products, to study, to invest, and to save. At least for me, the incentive constraint for “type 2” is easier to grasp than the incentive constraint for “type underbar”.
It begins with basic idea of adverse selection and then its extension and followed by basic moral hazard model and its extension. I have read some criticism to their notation, but they are actually pretty standard in the IO literature and in contract theory as well. Write a customer review. At least for me, the incentive constraint for “type 2” is easier to grasp than the incentive constraint for “type underbar”.
Top Reviews Most recent Top Reviews. What makes people act in a particular way in an economic or business situation?
The Theory of Incentives
Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. This book focuses on the principal-agent model, the “simple” situation where a martimorh, or company, delegates a task to a single agent through a contract–the essence of management and contract theory.
Set up a giveaway. This text is a masterly exposition martimot the modern theory by one of the pioneers of the field, Jean-Jacques Laffont, together with one of its rising stars, David Martimort. What makes people act in a particular way in an economic or business situation?
Customers who bought this item also bought. 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.