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The Theory of Incentives

- The Principal-Agent Model

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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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  • Sprog:
  • Engelsk
  • ISBN:
  • 9780691091846
  • Indbinding:
  • Paperback
  • Sideantal:
  • 440
  • Udgivet:
  • 15. januar 2002
  • Størrelse:
  • 177x252x28 mm.
  • Vægt:
  • 850 g.
  • 8-11 hverdage.
  • 7. december 2024
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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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