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.
|Country:||Republic of Macedonia|
|Published (Last):||16 June 2008|
|PDF File Size:||13.17 Mb|
|ePub File Size:||4.90 Mb|
|Price:||Free* [*Free Regsitration Required]|
See all Editorial Reviews. Amazon Renewed Refurbished products with a warranty. At least for me, the incentive constraint for “type 2” is easier to grasp than the incentive constraint for “type underbar”. I would very much recommend this book.
Jean-Jacques Laffont | IDEAS/RePEc
If you are a seller for this product, would you like to suggest updates through seller support? Learn more about Amazon Prime. To build or not to build: This book rates 5 stars because it is suprisingly easy to read for such a heavy deep subject. Share your thoughts with other customers. Bolton and Dewatripont – Contract Theory. The Principal-Agent Model on your Kindle in under a minute.
This book rates 5 stars because it is suprisingly easy to read for such a heavy deep subject. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item.
It begins with basic idea of adverse selection and then its extension and followed by basic moral hazard model and its extension. Laffont The Source, in englishis indeed the best source. The case of auction data 1 ,” European Economic ReviewElsevier, vol. Personal Details First Name: This book focuses on the principal-agent model, the “simple” situation where a principal, or company, delegates a task to a single agent through a contract–the essence of management and contract theory.
I just can’t stand the overbar-underbar notation for distinguishing types, and I find no compelling reason to do so compared to subscript notation used in e. This book is tremendously well written. This book is really good oaffont people studying contract theory and with some knowledge of game theory. I had been struggling to acheive a full master on Theory of Incentives, The Principal-Agent model, and always reading well-referred books, but none succeeded to combine matematical rigor, simplicity and clearness as Laffon and Martimort.
What lafffont people act in a particular way in an economic or business situation? Motivation and the Economics of Information. Thinking, Fast and Slow. The revelation and delegation principles in common agency games D Martimort, L Stole Econometrica 70 4, Amazon Rapids Fun stories for kids on the go.
Not Enabled Word Wise: Top Reviews Most recent Top Reviews. Give it a try.
The Theory of Incentives
Applications are well presented along the models. Share your thoughts with other customers. Incentives in Insurance 18 1. These items are shipped from and sold by different sellers.
Customers who bought this item also bought. The notation is survivable until there are 3 types where underbar, hat and overbar is used. Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors devote the bulk of their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: Amazon Music Stream millions of songs.
This book is tremendously well written. Economics has much to do with incentives–not least, incentives to work hard, to produce quality products, to study, to invest, and to save.