The Theory of incentives : the principal - agent model / Jean-Jacques Laffont and David Martimort
Material type:
TextPublication details: Princeton : Princeton University Press, 2002Description: xii, 419p, 25cmISBN: - 0691091846
- 338.9 LAF
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Calcutta | 338.9 LAF (Browse shelf(Opens below)) | Available | IIMC-122724 |
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| 338.9 KUZ Economic development, the family, and income distribution : | 338.9 LAA Arab development challenges of the new millennium | 338.9 LAF Incentives and political economy / | 338.9 LAF The Theory of incentives : | 338.9 LAG Proximity, distance and diversity : | 338.9 LAL The Repressed economy : | 338.9 LAN Comparative political economy / |
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 to emerge to place the topic at the heart of economic thinking. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: What makes people act in a particular way in an economic or business situation? In seeking an answer, the authors provide the methodological tools to design institutions that can ensure good incentives for economic agents
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