Recursive Methods for Dynamic Incentive Problems
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Albert Marcet & Ramon Marimon, 2019.
"Recursive Contracts,"
Econometrica, Econometric Society, vol. 87(5), pages 1589-1631, September.
- Albert Marcet & Ramon Marimon, 1994. "Recursive contracts," Economics Working Papers 337, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 1998.
- Albert Marcet & Ramon Marimon, 2011. "Recursive Contracts," CEP Discussion Papers dp1055, Centre for Economic Performance, LSE.
- Albert Marcet & Ramon Marimon, 2011. "Recursive Contracts," Economics Working Papers ECO2011/15, European University Institute.
- Albert Marcet and Ramon Marimon, 2011. "Recursive Contracts," Working Papers 552, Barcelona School of Economics.
- Marcet, Albert & Marimon, Ramon, 2011. "Recursive contracts," LSE Research Online Documents on Economics 121737, London School of Economics and Political Science, LSE Library.
- Marcet, A. & Marimon, R., 1998. "Recursive Contracts," Economics Working Papers eco98/37, European University Institute.
- Emmanuel Farhi & Iván Werning, 2007.
"Inequality and Social Discounting,"
Journal of Political Economy, University of Chicago Press, vol. 115(3), pages 365-402.
- Emmanuel Farhi & Ivan Werning, "undated". "Inequality and Social Discounting," Working Paper 20937, Harvard University OpenScholar.
- Werning, Ivan & Farhi, Emmanuel, 2007. "Inequality and Social Discounting," Scholarly Articles 3451391, Harvard University Department of Economics.
- Matthias Messner & Nicola Pavoni & Christopher Sleet, "undated".
"Contractive Dual Methods for Incentive Problems,"
GSIA Working Papers
2012-E26, Carnegie Mellon University, Tepper School of Business.
- Matthias Messner & Nicola Pavoni & Christopher Sleet, 2012. "Contractive Dual Methods for Incentive Problems," Working Papers 466, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Harold Cole & Felix Kubler, 2012.
"Recursive Contracts, Lotteries and Weakly Concave Pareto Sets,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(4), pages 479-500, October.
- Harold Cole & Felix Kubler, 2010. "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," PIER Working Paper Archive 10-038, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Harold L. Cole & Felix Kubler, 2011. "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," NBER Working Papers 17064, National Bureau of Economic Research, Inc.
- Felix Kubler & Harold L. Cole, 2011. "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," 2011 Meeting Papers 59, Society for Economic Dynamics.
- Kenneth L. Judd & Sevin Yeltekin & James Conklin, 2003. "Computing Supergame Equilibria," Econometrica, Econometric Society, vol. 71(4), pages 1239-1254, July.
- Matthias Messner & Nicola Pavoni, 2004.
"On the Recursive Saddle Point Method,"
Working Papers
255, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Nicola Pavoni & Ramon Marimon & Matthias Messner, 2005. "On the Recursive Saddle Point Method," 2005 Meeting Papers 294, Society for Economic Dynamics.
- Matthias Messner & Nicola Pavoni, 2004. "On the Recursive Saddle Point Method," Levine's Bibliography 122247000000000050, UCLA Department of Economics.
- Messner Matthias & Pavoni Nicola & Sleet Christopher, "undated".
"On the Dual Approach to Recursive Optimization,"
GSIA Working Papers
2012-E12, Carnegie Mellon University, Tepper School of Business.
- Matthias Messner & Nicola Pavoni & Sleet Christopher, 2011. "On the Dual Approach to Recursive Optimization," GSIA Working Papers 2012-E8, Carnegie Mellon University, Tepper School of Business.
- Matthias Messner & Nicola Pavoni & Christopher Sleet, 2011. "On the Dual Approach to Recursive Optimization," Working Papers 423, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Fernandes, Ana & Phelan, Christopher, 2000.
"A Recursive Formulation for Repeated Agency with History Dependence,"
Journal of Economic Theory, Elsevier, vol. 91(2), pages 223-247, April.
- Ana Fernandes & Christopher Phelan, 1999. "A recursive formulation for repeated agency with history dependence," Staff Report 259, Federal Reserve Bank of Minneapolis.
- Stephen E. Spear & Sanjay Srivastava, 1987. "On Repeated Moral Hazard with Discounting," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 54(4), pages 599-617.
- Kydland, Finn E. & Prescott, Edward C., 1980. "Dynamic optimal taxation, rational expectations and optimal control," Journal of Economic Dynamics and Control, Elsevier, vol. 2(1), pages 79-91, May.
- Rustichini, Aldo, 1998. "Dynamic Programming Solution of Incentive Constrained Problems," Journal of Economic Theory, Elsevier, vol. 78(2), pages 329-354, February.
- Arpad Abraham & Nicola Pavoni, 2008.
"Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending: A Recursive Formulation,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 781-803, October.
- Arpad Abraham & Nicola Pavoni, 2008. "Code for "Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending: A Recursive Formulation"," Computer Codes 06-26, Review of Economic Dynamics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Matthias Messner & Nicola Pavoni & Christopher Sleet, 2012.
"Recursive Methods for Incentive Problems,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(4), pages 501-525, October.
- Matthias Messner & Nicola Pavoni & Christopher Sleet, 2011. "Recursive methods for incentive problems," Working Papers 381, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Nicola Pavoni & Christopher Sleet & Matthias Messner, 2018.
"The Dual Approach to Recursive Optimization: Theory and Examples,"
Econometrica, Econometric Society, vol. 86(1), pages 133-172, January.
- Nicola Pavoni & Christopher Sleet & Matthias Messner, 2014. "The Dual Approach to Recursive Optimization: Theory and Examples," 2014 Meeting Papers 1267, Society for Economic Dynamics.
- Mele, Antonio, 2014.
"Repeated moral hazard and recursive Lagrangeans,"
Journal of Economic Dynamics and Control, Elsevier, vol. 42(C), pages 69-85.
- Antonio Mele, 2008. "Repeated Moral Hazard and Recursive Lagrangeans," 2008 Meeting Papers 482, Society for Economic Dynamics.
- Mele, Antonio, 2011. "Repeated moral hazard and recursive Lagrangeans," MPRA Paper 30310, University Library of Munich, Germany.
- Mele, Antonio, 2010. "Repeated moral hazard and recursive Lagrangeans," MPRA Paper 21741, University Library of Munich, Germany.
- Abraham Arpad & Nicola Pavoni, 2004.
"Efficient Allocations, with Moral Hazard and Hidden Borrowing and Lending,"
Levine's Bibliography
122247000000000138, UCLA Department of Economics.
- Abraham, Arpad & Pavoni, Nicola, 2004. "Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending," Working Papers 04-05, Duke University, Department of Economics.
- Balbus, Łukasz & Reffett, Kevin & Woźny, Łukasz, 2013. "A constructive geometrical approach to the uniqueness of Markov stationary equilibrium in stochastic games of intergenerational altruism," Journal of Economic Dynamics and Control, Elsevier, vol. 37(5), pages 1019-1039.
- Arpad Abraham & Nicola Pavoni, 2008.
"Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending: A Recursive Formulation,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 781-803, October.
- Arpad Abraham & Nicola Pavoni, 2008. "Code for "Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending: A Recursive Formulation"," Computer Codes 06-26, Review of Economic Dynamics.
- Golosov, M. & Tsyvinski, A. & Werquin, N., 2016.
"Recursive Contracts and Endogenously Incomplete Markets,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 725-841,
Elsevier.
- Mikhail Golosov & Aleh Tsyvinski & Nicolas Werquin, 2016. "Recursive Contracts and Endogenously Incomplete Markets," NBER Working Papers 22012, National Bureau of Economic Research, Inc.
- Messner Matthias & Pavoni Nicola & Sleet Christopher, "undated".
"On the Dual Approach to Recursive Optimization,"
GSIA Working Papers
2012-E12, Carnegie Mellon University, Tepper School of Business.
- Matthias Messner & Nicola Pavoni & Sleet Christopher, 2011. "On the Dual Approach to Recursive Optimization," GSIA Working Papers 2012-E8, Carnegie Mellon University, Tepper School of Business.
- Matthias Messner & Nicola Pavoni & Christopher Sleet, 2011. "On the Dual Approach to Recursive Optimization," Working Papers 423, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Miao, Jianjun & Zhang, Yuzhe, 2015.
"A duality approach to continuous-time contracting problems with limited commitment,"
Journal of Economic Theory, Elsevier, vol. 159(PB), pages 929-988.
- Jianjun Miao & Yuzhe Zhang, 2013. "A Duality Approach to Continuous- Time Contracting Problems with Limited Commitment," Boston University - Department of Economics - Working Papers Series 2013-008, Boston University - Department of Economics.
- Yuzhe Zhang & Jianjun Miao, 2014. "A Duality Approach to Continuous-Time Contracting Problems with Limited Commitment," 2014 Meeting Papers 650, Society for Economic Dynamics.
- Matthias Messner & Nicola Pavoni & Christopher Sleet, "undated".
"Contractive Dual Methods for Incentive Problems,"
GSIA Working Papers
2012-E26, Carnegie Mellon University, Tepper School of Business.
- Matthias Messner & Nicola Pavoni & Christopher Sleet, 2012. "Contractive Dual Methods for Incentive Problems," Working Papers 466, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Albert Marcet & Ramon Marimon, 2019.
"Recursive Contracts,"
Econometrica, Econometric Society, vol. 87(5), pages 1589-1631, September.
- Albert Marcet & Ramon Marimon, 1994. "Recursive contracts," Economics Working Papers 337, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 1998.
- Albert Marcet & Ramon Marimon, 2011. "Recursive Contracts," CEP Discussion Papers dp1055, Centre for Economic Performance, LSE.
- Albert Marcet & Ramon Marimon, 2011. "Recursive Contracts," Economics Working Papers ECO2011/15, European University Institute.
- Albert Marcet and Ramon Marimon, 2011. "Recursive Contracts," Working Papers 552, Barcelona School of Economics.
- Marcet, Albert & Marimon, Ramon, 2011. "Recursive contracts," LSE Research Online Documents on Economics 121737, London School of Economics and Political Science, LSE Library.
- Marcet, A. & Marimon, R., 1998. "Recursive Contracts," Economics Working Papers eco98/37, European University Institute.
- Lilia Maliar & Serguei Maliar, 2016. "Ruling Out Multiplicity of Smooth Equilibria in Dynamic Games: A Hyperbolic Discounting Example," Dynamic Games and Applications, Springer, vol. 6(2), pages 243-261, June.
- Zhigang Feng & Jianjun Miao & Adrian Peralta‐Alva & Manuel S. Santos, 2014.
"Numerical Simulation Of Nonoptimal Dynamic Equilibrium Models,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(1), pages 83-110, February.
- Zhigang Feng & Jianjun Miao & Adrian Peralta-Alva & Manuel S. Santos, "undated". "Numerical Simulation of Nonoptimal Dynamic Equilibrium Models," Boston University - Department of Economics - Working Papers Series wp2009-013, Boston University - Department of Economics.
- Zhigang Feng & Jianjun Miao & Adrian Peralta-Alva & Manuel S. Santos, 2009. "Numerical simulation of nonoptimal dynamic equilibrium models," Working Papers 2009-018, Federal Reserve Bank of St. Louis.
- Zhigang Feng & Jianjun Miao & Adrian Peralta-Alva & Manual Santos, 2009. "Numerical Simulation of Nonoptimal Dynamic Equilibrium Models," Working Papers 0912, University of Miami, Department of Economics.
- Zhigang Feng & Manuel Santos & Adrian Peralta-Alva & Jianjun Miao, 2009. "Numerical Simulation of Nonoptimal Dynamic Equilibrium Models," 2009 Meeting Papers 541, Society for Economic Dynamics.
- Harold Cole & Felix Kubler, 2012.
"Recursive Contracts, Lotteries and Weakly Concave Pareto Sets,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(4), pages 479-500, October.
- Harold Cole & Felix Kubler, 2010. "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," PIER Working Paper Archive 10-038, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Felix Kubler & Harold L. Cole, 2011. "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," 2011 Meeting Papers 59, Society for Economic Dynamics.
- Harold L. Cole & Felix Kubler, 2011. "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," NBER Working Papers 17064, National Bureau of Economic Research, Inc.
- Gary Gorton & Ping He, 2023.
"Optimal monetary policy in a collateralized economy,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 55-89, January.
- Gary Gorton & Ping He, 2016. "Optimal Monetary Policy in a Collateralized Economy," NBER Working Papers 22599, National Bureau of Economic Research, Inc.
- Zhigang Feng, 2015. "Time‐consistent optimal fiscal policy over the business cycle," Quantitative Economics, Econometric Society, vol. 6(1), pages 189-221, March.
- Arie, Guy, 2016. "Dynamic costs and moral hazard: A duality-based approach," Journal of Economic Theory, Elsevier, vol. 166(C), pages 1-50.
- Hagedorn, Marcus & Kaul, Ashok & Mennel, Tim, 2010.
"An adverse selection model of optimal unemployment insurance,"
Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 490-502, March.
- Marcus Hagedorn & Ashok Kaul & Tim Mennel, "undated". "An Adverse Selection Model of Optimal Unemployment Insurance," IEW - Working Papers 237, Institute for Empirical Research in Economics - University of Zurich.
- Marcus Hagedorn & Ashok Kaul & Tim Mennel, 2007. "An Adverse Selection Model of Optimal Unemployment Insurance," IEW - Working Papers 315, Institute for Empirical Research in Economics - University of Zurich.
- Marcus Hagedorn & Ashok Kaul, 2004. "An Adverse Selection Model of Optimal Unemployment Insurance," Computing in Economics and Finance 2004 154, Society for Computational Economics.
- Hagedorn, Marcus & Kaul, Ashok & Mennel, Tim, 2002. "An adverse selection model of optimal unemployment insurance," ZEI Working Papers B 30-2002, University of Bonn, ZEI - Center for European Integration Studies.
- Marcus Hagedorn & Ashok Kaul, 2004. "An Adverse Selection Model of Optimal Unemployment Insurance," 2004 Meeting Papers 331, Society for Economic Dynamics.
- Hagedorn, Marcus & Kaul, Ashok & Mennel, Tim, 2002. "An Adverse Selection Model of Optimal Unemployment Insurance," IZA Discussion Papers 681, Institute of Labor Economics (IZA).
- Doepke, Matthias & Townsend, Robert M., 2006.
"Dynamic mechanism design with hidden income and hidden actions,"
Journal of Economic Theory, Elsevier, vol. 126(1), pages 235-285, January.
- Matthias Doepke & Robert M. Townsend, 2002. "Dynamic Mechanism Design With Hidden Income and Hidden Actions," UCLA Economics Working Papers 818, UCLA Department of Economics.
- Townsend, Robert & Doepke, Matthias, 2004. "Dynamic Mechanism Design with Hidden Income and Hidden Auctions," CEPR Discussion Papers 4455, C.E.P.R. Discussion Papers.
- Łukasz Balbus & Kevin Reffett & Łukasz Woźny, 2015. "Time consistent Markov policies in dynamic economies with quasi-hyperbolic consumers," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(1), pages 83-112, February.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cmu:gsiawp:-1200374495. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Steve Spear (email available below). General contact details of provider: https://www.cmu.edu/tepper .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.