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The Theory of Incentives: The Principal-agent Model

Category: Ionian History
Type: Standard
Book Title: Entrepreneurship in Theory and History
Author: Laffont Jean-Jacques, Martimort David
Editor: Θεοχαράκης Νίκος
Pages: 3-21
Publisher: Princeton University Press
Library catalog: books.google.com
Date: 2002
Location: Princeton

Abstract:

p.1 [...] Today for many economists, economics is to a large extent a matter of incentives: incentives to work hard, to produce good quality products, to study, to invest, to save, etc. How to design institutions that provide good incentives for economic agents has become a central question of economics.
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The research project is implemented within the framework of the Action “Supporting Postdoctoral Researchers» of the Operational Program "Education and Lifelong Learning" (Action’s Beneficiary: General Secretariat for Research and Technology), and is co-financed by the European Social Fund (ESF) and the Greek State.