Incentives Motivation and the Economics of Information

Name: Incentives Motivation and the Economics of Information
Price: 16.14 USD
Availability: InStock
ISBN: 9780521539746

ISBN-10: 0521539749

ISBN-13: 9780521539746

Edition: 2nd 2006 (Revised)

Authors: Donald E. Campbell

List price: $62.99

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Description:

This book examines the incentives at work in a wide range of institutions to see how and how well coordination is achieved by informing and motivating individual decision makers. The book examines the performance of agents hired to carry out specific tasks, from taxi drivers to CEOs. It investigates the performance of institutions, from voting schemes to kidney transplants, to see if they enhance general well being. The book examines a broad range of market transactions, from auctions to labor markets, to the entire economy. The analysis is conducted using specific worked examples, lucid general theory, and illustrations drawn from news stories. Of the seventy different topics and sections,…

Book details

List price: $62.99
Edition: 2nd
Copyright year: 2006
Publisher: Cambridge University Press
Publication date: 5/1/2006
Binding: Paperback
Pages: 604
Size: 6.75" wide x 9.75" long x 1.50" tall
Weight: 2.332
Language: English

Donald E. Campbell is CSX Professor of Economics and Public Policy at William and Mary College, Williamsburg, Virginia, where he has taught since 1990. He previously served as Professor of Economics at the University of Toronto from 1970 to 1990. He is the author of Resource Allocation Mechanisms (Cambridge University Press, 1987), and Equity, Efficiency and Social Choice (1992). His published research has appeared in leading journals such as Econometrica, the Journal of Political Economy, American Economic Review, the Journal of Economic Theory, Review of Economics Studies, and the Journal of Mathematical Economics.



Preface to the Second Edition



Equilibrium, Efficiency, and Asymmetric Information



Asymmetric Information



Taxi!



Acid Rain



Efficiency



Equilibrium



The Prisoner's Dilemma Game



Repetition and Equilibrium



Basic Models and Tools



Maximizing a Quadratic



Overview of Calculus



Lagrangian Multipliers



The Composite Commodity Model



Quasi-Linear Preferences



Decision Making Under Uncertainty



Insurance



Hidden Action



Resource Allocation



Marketable Pollution Rights



Incentive Regulation of the Telecommunications Industry



The Savings and Loan Debacle



Personal Bankruptcy



Mandatory Retirement



Tenure and the Performance of Professors



Pay and Performance in U.S. Public Schools



Moral Hazard and Insurance



Corporate Governance



A Brief Tour of Several Countries



Partnerships



The Owner-Employee Relationship



The Owner-Manager Relationship in Practice



Agency Theory



Hidden Characteristics



Price Discrimination



Two-Person Exchange



The Used-Car Market



Credit Rationing



Bundling and Product Quality



Job-Market Signaling



Competitive Insurance Markets



Auctions



Introduction



The Vickrey Auction



Four Basic Auction Mechanisms



Revenue Equivalence



Applications of the Revenue Equivalence Theorem



Interdependent Values



Voting and Preference Revelation



Voting Schemes



Preference Revelation in General



General Proof of the Gibbard-Satterthwaite Theorem



The Revelation Principle



Public Goods and Preference Revelation



The Economic Model



The Pivotal Mechanism



Groves Mechanisms



Efficiency and Incentive Compatibility



Matching



Students and Advisors



College Admissions



Hospitals and Doctors



Allocating Dormitory Rooms



Kidney Transplants



General Competitive Equilibrium



Competition, Property Rights, and Prosperity



The Arrow-Debreu Economy



Nonconvex Economies



Efficiency and Incentive Compatibility



Common Property Resources


References


Author Index


Subject Index