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Henriet and K. Schlubert eds. Martimort, ed. The Review of Economic Studies, , The American Economic Review, Lead paper.

Journal of European Economic Association, , International Economic Review, , International Journal of Industrial Organization, , 44 : The American Economic Review , Games and Economic Behavior , De Vriers. He is a specialist in Incentives Theory and its applications.

His research spans a broad area from Industrial Organization, Regulation to Development Economics, Political Economy, Public Economics and Environmental and Resource Economics, with a special emphasis on issues related to regulatory and public governance. He has delivered several invited lectures in important international conferences and workshops and has been invited to give conferences and seminars at numerous places around the world.

Honors Prize of the Revue Economique third recipient. Fellow of the European Economic Association Fellow of the Econometric Society Junior Member of Institut Universitaire de France, Research affiliate CEPR, Member of the Society for Economic Analysis, Economic Prize of French Banking Association Editorial Board Theoretical Economics, Associate Editor Journal of Economic Theory, Editorial Board Econometrica, Editorial Board The B.

Journals in Theoretical Economics, The Economic Theory of Incentives, Vol. Semenov uottawa. Olga Gorelkina , Liverpool University , ogorelkina gmail. Xundong Yin , Assistant Professor Beijin , yinxundong yahoo. Eren Gunay PhD Toulouse


The Theory of Incentives: The Principal-Agent Model

Henriet and K. Schlubert eds. Martimort, ed. The Review of Economic Studies, ,


Jean-Jacques Laffont

This text is a masterly exposition of the modern theory by one of the pioneers of the field, Jean-Jacques Laffont, together with one of its rising stars, David Martimort. Give it a try. The Theory of Incentives Amazon Giveaway allows you to run promotional lafdont in order to create buzz, reward your audience, and attract new followers and customers. Customers who viewed this item also viewed. Anyways, i found it helpful and complete for studying incentive theory but it requires deep understanding of optimization theory and some experience of economic-theorethic arguments.

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Reviews 3 Economics has much to do with incentives — not least, incentives to work hard, to produce quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this more than two hundred years ago in his analysis of sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: What makes people act in a particular way in an economic or business situation? How does the owner or manager of a firm align the objectives of its various members to maximize profits? Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors devote the bulk of 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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