The Theory of Incentives: The Principal-Agent Model

Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: adverse selection, moral hazard, and non-verifiability.

• | Author: David Martimort, Jean-Jacques Laffont
• | Publisher: Princeton University Press
• | Publication Date: Jan 15, 2002
• | Number of Pages:
• | Language:
• | Binding: Paperback / softback
• | ISBN-13: 9780691091846
• | ISBN-10: 0691091846