The Principal Agent Model

Edited by Jean-Jacques Laffont

in Books from Edward Elgar Publishing

Abstract: Incentive theory is the most important development in economics in the last forty years. The principal-agent model is the core of this theory. This authoritative collection brings together the essential literature concerning the principal-agent model when no restrictions on the design of the principal’s contract exist in terms of complexity, enforcement or rationality.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: D0 L0 (search for similar items in EconPapers)
Date: 2003
ISBN: 9781843762409
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