Incentives and Political Economy (Clarendon Lectures in Economics)

by ThelateJean-JacquesLaffont (Author)

• New

  Paperback
  2001

  $60.94

  'Incentives and Political Economy' constructs a normative approach to constitutional design using developments in contract theory. It treats political economy as the study of the incentive problems created by the delegation of Politicians are treated successively as informed supervisors or residual decision-makers.