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Incentives - Motivation and the Economics of Information (Paperback, 3rd Revised edition)
Loot Price: R1,521
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Incentives - Motivation and the Economics of Information (Paperback, 3rd Revised edition)
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When incentives work well, individuals prosper. When incentives are
poor, the pursuit of self-interest is self-defeating. This book is
wholly devoted to the topical subject of incentives from
individual, collective, and institutional standpoints. This third
edition is fully updated and expanded, including a new section on
the 2007-08 financial crisis and a new chapter on networks as well
as specific applications of school placement for students, search
engine ad auctions, pollution permits, and more. Using worked
examples and lucid general theory in its analysis, and seasoned
with references to current and past events, Incentives: Motivation
and the Economics of Information examines: the performance of
agents hired to carry out specific tasks, from taxi drivers to
CEOs; the performance of institutions, from voting schemes to
medical panels deciding who gets kidney transplants; a wide range
of market transactions, from auctions to labor markets to the
entire economy. Suitable for advanced undergraduate and graduate
students studying incentives as part of courses in microeconomics,
economic theory, managerial economics, political economy, and
related areas of social science.
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