The Theory of Incentives: The Principal-Agent Model

by David Martimort (Author), David Martimort (Author), Jean-Jacques Laffont (Author)

• New

  Paperback
  2002

  $42.39

  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.