Motivation Theory (Volume 1) Principal-Agent Model: Principal-Agent Model

Author: Jean-Jacques Laffont
Publisher:
Publish Date: 2002-06-01
Features: In nearly four decades, the most significant development in economics has been in the field of incentives, which studies how parties can be motivated to achieve potential mutually beneficial gains under asymmetric information. Now is the time to integrate and systematize this field. Jean-Jacques Laffont is one of the most important contributors to this field, and David Maechler has also demonstrated his theoretical expertise. This book starts from the most basic models in this field and provides a complete and clear overview of its developmental.