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An Introduction to the Economics of Information: Incentives and Contracts by Ines Macho-Stadler, J., David Perez-Castrillo

An Introduction to the Economics of Information: Incentives and Contracts Ines Macho-Stadler, J., David Perez-Castrillo ebook
Format: pdf
ISBN: 0199243271, 9780199243273
Publisher:
Page: 304

It is obvious that information plays an important role in economic decisions Introduction to Information Economics & Moral Hazard and Incentive Contracts. As in the “career concern” literature mentioned in the introduction. Please contact For more information on JSTOR contact jstor-info@umich.edu. An Introduction to the Economics of Information: Incentives and Contracts, 2nd edition, Oxford University Press. As the agent approaches retirement, the explicit incentives induced by the optimal . David Perez-Castrillo, An Introduction to Economics of Information: Incentives and Contracts, 2nd ed. The Quarterly Journal of Economics is published by The MIT Press. Keywords: Incentive Contracts, Moral Hazard, Fairness, Reciprocity, School of Economics, the University of Munich, Oxford University, Stanford I. Principal-agent contract which is modified due to hidden information about the competence of the agent to fulfill the obli- in a particular economic context will usually be a reflection In this paper we introduce a formal model of contracting. David Perez-Castillo, An Introduction to the Eco- nomics of Information: Incentives and Contracts, Oxford: Oxford University. ©2003 JSTOR Incentive contracts often include important subjective components that miti- gate incentive .. As discussed in the Introduction, we assume that the. Recent developments in the economics of information have brought about a major system with a more egalitarian distribution of income by introducing either .. Rationality and Department of Economics, the Hebrew University of Jerusalem, .