Incentives: Motivation and the Economics of Information, 2nd Edition

by Donald E. Campbell

This book, first published in 2006, 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, only twelve require a knowledge of calculus. The second edition offers new chapters on auctions, matching and assignment problems, and corporate governance. Boxed examples are used to highlight points of theory and are separated from the main text.

Genres: Economics

604 pages, Paperback

First published August 25, 1995

Reviews

[Rizwan · Rating 3 out of 5]

A not so useful book. Well it didn't help much in the information economics class it was assigned for but thats probably because we were not really following it much in the first place.

But generally speaking, the concepts are not really that well explained and the notation is all over the place.