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.
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Shopbop Designer Fashion Brands. It would be hard to write another book to compete with this one in the field. Applications are well presented along the models.
In seeking an answer, the authors provide the methodological tools to design institutions that can ensure good incentives for economic agents.
See all 7 reviews. The examples and qoutes are well place and very illustrative.
International Journal of Industrial Organization 26 2, 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: The notation is survivable until there are 3 types where underbar, hat and overbar is used.
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The Economics of Contracts: Review “Incentive theory is at the very core of economics. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Slightly advanced, but really good. What makes people act in a particular way in an economic or business situation? Amazon Renewed Refurbished products with a warranty. English Choose a language for shopping. The reason 5 stars is not given, is primarily because I find the choice of notation extremely confusing.
Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: Would you like to tell us about a lower price? Share your thoughts with other customers.
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Amazon Advertising Find, attract, and engage customers. This book, dealing with the basic models of the field, combines clarity, thoroughness, and great respect for historical development. Its comprehensive insights are useful and time-saving for readers.
Customers who viewed this item also viewed. Editorial Reviews Review “Incentive theory is at the very core of economics. Neue Zitationen von diesem Autor.
David Martimort – Google Scholar Citations
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. I dont have it now.
The theory of incentives: Laffont The Source, in englishis indeed the laffong source. How does the owner or manager of a firm align the objectives of its various members to maximize profits?
Jean-Jacques Laffont | IDEAS/RePEc
jartimort Offering an unprecedented look at a subject vital to industrial organization, labor economics, and behavioral economics, this book is set to become the definitive resource for students, researchers, and others who might find themselves pondering what contracts, and mzrtimort incentives they embody, are really all about.
A Nontechnical Introduction to the Analysis of Strategy. The most outstanding aspect is the way it approaches the theories on a small scale and expands them incrementally to secure the readers understanding at each stage of the “flow”.