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The Theory of Incentives: The Principal-Agent Model
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The Theory of Incentives: The Principal-Agent Model Paperback - 2002

by Laffont, Jean-Jacques

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Details

  • Title The Theory of Incentives: The Principal-Agent Model
  • Author Laffont, Jean-Jacques
  • Binding Paperback
  • Edition First Printing
  • Condition New
  • Pages 440
  • Volumes 1
  • Language ENG
  • Publisher Princeton University Press, Princeton and Oxford
  • Date 2002-01-15
  • Features Index, Table of Contents
  • Bookseller's Inventory # ING9780691091846
  • ISBN 9780691091846 / 0691091846
  • Weight 1.97 lbs (0.89 kg)
  • Dimensions 9.99 x 6.99 x 1.14 in (25.37 x 17.75 x 2.90 cm)
  • Library of Congress subjects Economics, Incentives in industry
  • Library of Congress Catalog Number 2001051039
  • Dewey Decimal Code 338.9

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First line

Incentive theory emerges with the division of labor and exchange.

From the rear cover

"Incentive theory is at the very core of economics. 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."--Eric Maskin, Institute for Advanced Study

"This book will surely be the standard technical reference in an important field for a number of years--possibly for many if the field ceases to develop so rapidly. It is indeed a fine contribution to the economics literature."--Sir James Mirrlees, Cambridge University, 1996 Nobel Laureate in Economic Sciences

"The most important development in economics in the last forty years has been the study of incentives to achieve potential mutual gains when the parties have different degrees of knowledge. The time is ripe for a synthesis and systematization. Jean-Jacques Laffont has been one of the most important contributors to the field over the years, and David Martimort has shown his capacity for highly original work. This book, dealing with the basic models of the field, combines clarity, thoroughness, and great respect for historical development."--Kenneth J. Arrow, Stanford University, 1972 Nobel Laureate in Economic Sciences

About the author

Jean-Jacques Laffont is Professor of Economics and Director of the Institut d'Economie Industrielle (IDEI) at the University of Social Sciences in Toulouse, one of Europe's leading centers for the study of economics. He has won a number of prestigious awards for his research and is a former President of the European Economic Association and of the Econometric Society. His books include The Economics of Uncertainty and Information, Fundamentals of Public Economics, Incentives and Political Economy, and he is the coauthor of Incentives in Public Decision Making, A Theory of Incentives in Procurement and Regulation, and Competition in Telecommunications. David Martimort is Professor of Economics and a research fellow of the IDEI at the University of Social Sciences in Toulouse. He has been a visiting professor at Harvard, MIT, Pompeu Fabra in Barcelona, ECARE in Brussels, and is a member of the Center for Economic and Policy Research in the United Kingdom. He is Associate Editor of the Rand Journal of Economics.