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(Paperback)
By: Jean-Jacques Laffont
ISBN: 9780691091846
Readership/Audience: Professional and Scholarly
Publication Date: Mar 2002
Publisher: Princeton University Press
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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.
