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The Theory of Incentives
- The Principal-Agent Model
- Binding:
- Paperback
- Pages:
- 440
- Published:
- January 15, 2002
- Dimensions:
- 177x252x28 mm.
- Weight:
- 850 g.
In stock
Delivery:
3-5 business days
Expected delivery: October 14, 2024
Description of The Theory of Incentives
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.
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