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Incentives

Motivation and the Economics of Information
Buch | Hardcover
367 Seiten
1995
Cambridge University Press (Verlag)
978-0-521-47264-7 (ISBN)
79,95 inkl. MwSt
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This book investigates situations in which incentives, contracts or other economic devices can be employed to prevent the pursuit of self-interest from being institutionally- or self-defeating. Campbell's treatment of the economics of information, mechanism design, and game theory is suitable for single-variable calculus and microeconomic theory students.
This book investigates situations in which incentives, contracts or other economic devices can be employed in a wide range of settings to prevent the pursuit of self-interest from being institutionally- or self-defeating, including the operation of insurance markets, voting, auctions, general resource allocation, public goods, labor markets, higher education, the savings-and-loan crisis, and managers' and shareholders' behavior. Professor Campbell's treatment of these issues in the economics of information, mechanism design, and game theory may be followed by anyone with a basic knowledge of single-variable calculus and microeconomic theory. Readers learn by working carefully through examples to grasp economic principles, rather than by following proofs of general theorems. Upper-level undergraduates, master's-level students, and graduate students seeking supplementary reading in practice-oriented economic theory will find the material particularly useful.

1. Introduction; 2. Hidden action; 3. Hidden characteristics; 4. Reputation; 5. Resource allocation: private goods; 6. Resource allocation: public goods; 7. The Gibbard-Satterthwaite theorem; 8. Incentives, efficiency, and social cost.

Erscheint lt. Verlag 25.8.1995
Zusatzinfo 6 Tables, unspecified; 37 Line drawings, unspecified
Verlagsort Cambridge
Sprache englisch
Maße 185 x 260 mm
Gewicht 857 g
Themenwelt Wirtschaft Allgemeines / Lexika
Wirtschaft Volkswirtschaftslehre
ISBN-10 0-521-47264-4 / 0521472644
ISBN-13 978-0-521-47264-7 / 9780521472647
Zustand Neuware
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