Donald E.Campbell
Incentives: Motivation and the Economics of Information
Incentives: Motivation and the Economics of Information
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Incentives: Motivation and the Economics of Information examines how incentives from individual, collective, and institutional standpoints affect performance. It is updated and expanded with a new section on the 2007-08 financial crisis and a chapter on networks. Suitable for advanced undergraduate and graduate students studying incentives.
\n Format: Paperback / softback
\n Length: 694 pages
\n Publication date: 22 February 2018
\n Publisher: Cambridge University Press
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Rewritten text:
Rewritten text:
Incentives hold immense power in shaping individual and collective outcomes. When incentives are well designed, they foster prosperity and drive self-interest. Conversely, when incentives are inadequate, the pursuit of personal gain can become self-defeating. This book is dedicated entirely to the exploration of incentives from various perspectives, including individual, collective, and institutional angles.
In its third edition, this comprehensive text has been thoroughly updated and expanded. A new section on the 2007-08 financial crisis and a dedicated chapter on networks have been added, alongside numerous specific applications in areas such as school placement for students, search engine ad auctions, pollution permits, and more.
Through the use of worked examples and lucid general theory, Incentives: Motivation and the Economics of Information delves into the performance of agents engaged in diverse tasks, ranging from taxi drivers to CEOs. It also examines the performance of institutions, from voting schemes to medical panels determining kidney transplants. The book encompasses 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 social science disciplines, this text offers a comprehensive and insightful examination of the dynamics of incentives.
In conclusion, incentives play a crucial role in driving human behavior and achieving economic success. By understanding the principles of incentives and designing effective policies, we can create a more prosperous and equitable society.
\n Weight: 1432g\n
Dimension: 181 x 254 x 36 (mm)\n
ISBN-13: 9781107610330\n
Edition number: 3 Revised edition\n
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