Essays on Contract Design and Incentive Provision (Paperback, 1st ed. 2011, reprint 2019)

Contract theory, which emphasizes the importance of unverifiable actions and private information, has been a highly active field of research in microeconomics in the last decades. This thesis is divided into two parts. Part I consists of three chapters that study contract-theoretic models which are motivated by the classic procurement problem of a principal who wants an agent to deliver a certain good or service. In such models it is typically assumed that decision makers are interested in their own monetary payoffs only. Moreover, they have unlimited cognitive abilities and behave in a perfectly rational way. Yet, in practice people often do not behave this way. While empirical research is very difficult in contract theory, laboratory experiments have recently turned out to be an important source of data. In Part II, three experimental studies are presented that investigate contract-theoretic problems brought up in Part I.

General

Imprint:	Springer Gabler
Country of origin:	Germany
Series:	Edition KWV
Release date:	February 2019
First published:	2011
Authors:	Eva I. Hoppe-Fischer
Dimensions:	240 x 168mm (L x W)
Format:	Paperback
Pages:	211
Edition:	1st ed. 2011, reprint 2019
ISBN-13:	978-3-658-24132-2
Categories:	Books > Business & Economics > Economics > Microeconomics > General Books > Business & Economics > Business & management > Sales & marketing > General Promotions
LSN:	3-658-24132-2
Barcode:	9783658241322

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