Course Details
Country:
Germany
Institution:
Frankfurt School of Finance & Management
Course Title:
Incentives
Course Number:
ECO60140
Course Description:
Setting the "right" incentives can be seen as one of the core objectives of both Economics and Management. In recent years, the perspectives of Economics and Management on incentive problems have become more and more interlocked, thereby considerably benefitting both disciplines. On the one hand, Economic theory provides useful tools such as principal-agent theory, game theory, contract theory and auction theory which allow to capture and to discuss incentive topics in a radical way. On the other hand, Management theory sharpens our understanding of the actual consequences of incentives with its strong emphasis on experience and behavioural foundations, and experimental economics completes the picture by providing us with stable behavioural patterns in controlled environments.
Language:
English
Approved Equivalent:
ECON 308
Attachment Files:
Incentives.pdf
