The Principal Agent Model: The Economic Theory of Incentives

Author:   Jean-Jacques Laffont
Publisher:   Edward Elgar Publishing Ltd
Edition:   illustrated edition
Volume:   162
ISBN:  

9781843762409


Pages:   720
Publication Date:   29 July 2003
Format:   Hardback
Availability:   In Print   Availability explained
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The Principal Agent Model: The Economic Theory of Incentives


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Author:   Jean-Jacques Laffont
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Edition:   illustrated edition
Volume:   162
Dimensions:   Width: 16.90cm , Height: 5.70cm , Length: 24.40cm
Weight:   1.402kg
ISBN:  

9781843762409


ISBN 10:   1843762404
Pages:   720
Publication Date:   29 July 2003
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Contents: Acknowledgements Introduction Jean-Jacques Laffont PART I FOUNDATIONS 1. Adam Smith (1776), 'Of the Discouragement of Agriculture in the Ancient State of Europe after the Fall of the Roman Empire' 2. Chester I. Barnard (1938/1968), 'The Economy of Incentives' 3. Kenneth J. Arrow (1963), 'Uncertainty and the Welfare Economics of Medical Care' 4. Mark V. Pauly (1968), 'The Economics of Moral Hazard: Comment' 5. Richard Zeckhauser (1970), 'Medical Insurance: A Case Study of the Tradeoff between Risk Spreading and Appropriate Incentives' 6. Michael Spence and Richard Zeckhauser (1971), 'Insurance, Information, and Individual Action' 7. Stephen A. Ross (1973), 'The Economic Theory of Agency: The Principal's Problem' PART II MORAL HAZARD 8. J.A. Mirrlees (1999), 'The Theory of Moral Hazard and Unobservable Behaviour: Part I' 9. Bengt Holmstroem (1979), 'Moral Hazard and Observability' 10. Sanford J. Grossman and Oliver D. Hart (1983), 'An Analysis of the Principal-agent Problem' 11. Ian Jewitt (1988), 'Justifying the First-order Approach to Principal-agent Problems' 12. Bengt Holmstrom and Paul Milgrom (1991), 'Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design' 13. William P. Rogerson (1985), 'Repeated Moral Hazard' PART III ADVERSE SELECTION 14. J.A. Mirrlees (1971), 'An Exploration in the Theory of Optimum Income Taxation' 15. Michael Mussa and Sherwin Rosen (1978), 'Monopoly and Product Quality' 16. Joseph E. Stiglitz (1977), 'Monopoly, Non-linear Pricing and Imperfect Information: The Insurance Market' 17. David P. Baron and Roger B. Myerson (1982), 'Regulating a Monopolist with Unknown Costs' 18. David P. Baron and David Besanko (1984), 'Regulation, Asymmetric Information, and Auditing' 19. Roger Guesnerie and Jean-Jacques Laffont (1984), 'A Complete Solution to a Class of Principal-agent Problems with an Application to the Control of a Self-managed Firm' 20. David P. Baron and David Besanko (1984), 'Regulation and Information in a Continuing Relationship' 21. Douglas Gale and Martin Hellwig (1985), 'Incentive-Compatible Debt Contracts: The One-Period Problem' 22. Jean-Jacques Laffont and Jean Tirole (1986), 'Using Cost Observation to Regulate Firms' 23. Tracy R. Lewis and David E.M. Sappington (1989), 'Countervailing Incentives in Agency Problems' 24. Michael H. Riordan and David E.M. Sappington (1988), 'Optimal Contracts with Public ex post Information' PART IV ADVANCED TOPICS 25. Eric Maskin (1999), 'Nash Equilibrium and Welfare Optimality' 26. Jerry R. Green and Jean-Jacques Laffont (1986), 'Incentive Theory with Data Compression' 27. Jerry R. Green and Jean-Jacques Laffont (1986), 'Partially Verifiable Information and Mechanism Design' 28. Jacques Cremer, Fahad Khalil and Jean-Charles Rochet (1998), 'Contracts and Productive Information Gathering' 29. Bengt Holmstrom and Paul Milgrom (1987), 'Aggregation and Linearity in the Provision of Intertemporal Incentives' 30. John Moore and Rafael Repullo (1988), 'Subgame Perfect Implementation' 31. Eric Maskin and Jean Tirole (1990), 'The Principal-agent Relationship with an Informed Principal: The Case of Private Values' 32. Mark Armstrong and Jean-Charles Rochet (1999), 'Multi-dimensional Screening: A User's Guide' Name Index

Reviews

`The economics of asymmetric information has been the most important new tool of economic analysis and has proved powerful in explaining many aspects of the functioning of the economy. The principal-agent relation is a central aspect of asymmetric information. The anthology is exceptionally useful in bringing together every major paper in the field; its thoroughness reflects the deep knowledge of its editor, Jean-Jacques Laffont, one of the outstanding contributors to the field.' -- Kenneth J. Arrow, Stanford University, US


'The economics of asymmetric information has been the most important new tool of economic analysis and has proved powerful in explaining many aspects of the functioning of the economy. The principal-agent relation is a central aspect of asymmetric information. The anthology is exceptionally useful in bringing together every major paper in the field; its thoroughness reflects the deep knowledge of its editor, Jean-Jacques Laffont, one of the outstanding contributors to the field.' -- Kenneth J. Arrow, Stanford University, US


Author Information

Edited by the late Jean-Jacques Laffont, Formerly Professor of Economics, Universite des Sciences Sociales de Toulouse, France and University of Southern California, US

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