Dynamic Moral Hazard and Project Completion
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Christopher Phelan & Robert M. Townsend, 1991.
"Computing Multi-Period, Information-Constrained Optima,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(5), pages 853-881.
- Phelan, C. & Townsend, R.M., 1990. "Computing Multiperiod, Information-Constrained Optima," University of Chicago - Economics Research Center 90-13, Chicago - Economics Research Center.
- Christopher Phelan & Robert M Townsend, 2010. "Computing Multi-Period, Information Constrained Optima," Levine's Working Paper Archive 117, David K. Levine.
- Yuliy Sannikov, 2007. "Games with Imperfectly Observable Actions in Continuous Time," Econometrica, Econometric Society, vol. 75(5), pages 1285-1329, September.
- James M. Malcomson & Frans Spinnewyn, 1988.
"The Multiperiod Principal-Agent Problem,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(3), pages 391-407.
- MALCOMSON, James M. & SPINNEWYN, Frans, 1988. "The multiperiod principal-agent problem," LIDAM Reprints CORE 803, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Merlo, Antonio & Ortalo-Magne, Francois, 2004.
"Bargaining over residential real estate: evidence from England,"
Journal of Urban Economics, Elsevier, vol. 56(2), pages 192-216, September.
- Francois Ortalo-Magne, 2001. "Bargaining over Residential Real Estate: Evidence form England," ERES eres2001_251, European Real Estate Society (ERES).
- Antonio M. Merlo & François Ortalo-Magné, 2002. "Bargaining over Residential Real Estate: Evidence from England," CESifo Working Paper Series 778, CESifo.
- François Ortalo-Magné & Antonio Merlo, 2002. "Bargaining over Residential Real Estate: Evidence from England," Wisconsin-Madison CULER working papers 02-02, University of Wisconsin Center for Urban Land Economic Research.
- Hopenhayn, Hugo A & Nicolini, Juan Pablo, 1997.
"Optimal Unemployment Insurance,"
Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 412-438, April.
- Hopenhayn, H. & Nicolini, P.J., 1996. "Optimal Unemployment Insurance," RCER Working Papers 421, University of Rochester - Center for Economic Research (RCER).
- Lars Ljungqvist & Thomas Sargent, 1999. "Matlab code for Hopenhayn-Nicolini's optimal unemployment insurance model," QM&RBC Codes 18, Quantitative Macroeconomics & Real Business Cycles.
- Shavell, Steven & Weiss, Laurence, 1979.
"The Optimal Payment of Unemployment Insurance Benefits over Time,"
Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1347-1362, December.
- Steven Shavell & Laurence Weiss, 1978. "The Optimal Payment of Unemployment Insurance Benefits over Time," Cowles Foundation Discussion Papers 503, Cowles Foundation for Research in Economics, Yale University.
- Abreu, Dilip, 1988. "On the Theory of Infinitely Repeated Games with Discounting," Econometrica, Econometric Society, vol. 56(2), pages 383-396, March.
- 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.
- PETER M. DeMARZO & YULIY SANNIKOV, 2006. "Optimal Security Design and Dynamic Capital Structure in a Continuous‐Time Agency Model," Journal of Finance, American Finance Association, vol. 61(6), pages 2681-2724, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Alessandro Bonatti & Heikki Rantakari, 2016.
"The Politics of Compromise,"
American Economic Review, American Economic Association, vol. 106(2), pages 229-259, February.
- Rantakari, Heikki & Bonatti, Alessandro, 2014. "The Politics of Compromise," CEPR Discussion Papers 9910, C.E.P.R. Discussion Papers.
- Alessandro Bonatti & Johannes Horner, 2011.
"Collaborating,"
American Economic Review, American Economic Association, vol. 101(2), pages 632-663, April.
- Johannes Horner & Alessandro Bonatti, 2009. "Collaborating," 2009 Meeting Papers 1019, Society for Economic Dynamics.
- Alessandro Bonatti & Johannes Horner, 2009. "Collaborating," Cowles Foundation Discussion Papers 1695, Cowles Foundation for Research in Economics, Yale University, revised Nov 2009.
- Johannes Hörner & Larry Samuelson, 2013.
"Incentives for experimenting agents,"
RAND Journal of Economics, RAND Corporation, vol. 44(4), pages 632-663, December.
- Johannes Horner & Larry Samuelson, 2009. "Incentives for Experimenting Agents," Cowles Foundation Discussion Papers 1726R3, Cowles Foundation for Research in Economics, Yale University, revised Jun 2013.
- Johannes Horner & Larry Samuelson, 2009. "Incentives for Experimenting Agents," Cowles Foundation Discussion Papers 1726R, Cowles Foundation for Research in Economics, Yale University, revised Feb 2012.
- Johannes Horner & Larry Samuelson, 2009. "Incentives for Experimenting Agents," Cowles Foundation Discussion Papers 1726, Cowles Foundation for Research in Economics, Yale University.
- Johannes Horner & Larry Samuelson, 2012. "Incentives for Experimenting Agents," Levine's Working Paper Archive 786969000000000418, David K. Levine.
- Johannes Horner & Larry Samuelson, 2013. "Incentives for Experimenting Agents," Levine's Working Paper Archive 786969000000000671, David K. Levine.
- Johannes Horner & Larry Samuelson, 2009. "Incentives for Experimenting Agents," Cowles Foundation Discussion Papers 1726R2, Cowles Foundation for Research in Economics, Yale University, revised Mar 2013.
- Aristotelis Boukouras, 2015. "Separation of Ownership and Control: Delegation as a Commitment Device," Discussion Papers in Economics 15/02, Division of Economics, School of Business, University of Leicester.
- Josepa Miquel-Florensa, 2013. "Dynamic contractual incentives in the face of a Samaritans’s dilemma," Theory and Decision, Springer, vol. 74(1), pages 151-166, January.
- Sofia Moroni, 2016. "Experimentation in Organizations," Working Paper 5876, Department of Economics, University of Pittsburgh.
- Sofia Moroni, 2019. "Experimentation in Organizations," Working Paper 6631, Department of Economics, University of Pittsburgh.
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.- Nicola Pavoni & G. L. Violante, 2007.
"Optimal Welfare-to-Work Programs,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(1), pages 283-318.
- Nicola Pavoni & Giovanni L. Violante, 2005. "Optimal welfare-to-work programs," Discussion Paper / Institute for Empirical Macroeconomics 143, Federal Reserve Bank of Minneapolis.
- Violante, Giovanni & Pavoni, Nicola, 2006. "Optimal Welfare-to-Work Programs," CEPR Discussion Papers 5937, C.E.P.R. Discussion Papers.
- Huang, Pidong, 2013. "Optimal Unemployment Insurance With Different Types of Job," MPRA Paper 46626, University Library of Munich, Germany.
- Sebastien Menard, 2021.
"Optimal sickness benefits in a principal–agent model,"
Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(1), pages 5-33, July.
- Sébastien Ménard, 2020. "Optimal sickness benefits in a Principal-Agent Model," Working Papers hal-03027395, HAL.
- Sébastien Ménard, 2021. "Optimal sickness benefits in a principal–agent model," Post-Print hal-03102356, HAL.
- Sébastien Ménard, 2020. "Optimal sickness benefits in a Principal-Agent Model," TEPP Working Paper 2020-02, TEPP.
- Nadide Banu Olcay, 2016. "Dynamic incentive contracts with termination threats," Review of Economic Design, Springer;Society for Economic Design, vol. 20(4), pages 255-288, December.
- Hairault, Jean-Olivier & Langot, François & Ménard, Sébastien & Sopraseuth, Thepthida, 2012.
"Optimal unemployment insurance for older workers,"
Journal of Public Economics, Elsevier, vol. 96(5), pages 509-519.
- Hairault, Jean-Olivier & Langot, François & Ménard, Sébastien & Sopraseuth, Thepthida, 2009. "Optimal Unemployment Insurance for Older Workers," IZA Discussion Papers 4071, Institute of Labor Economics (IZA).
- Jean-Olivier Hairault & François Langot & Sébastien Ménard & Thepthida Sopraseuth, 2012. "Optimal Unemployment Insurance for Older Workers," Post-Print hal-00668989, HAL.
- Jean-Olivier Hairault & François Langot & Sébastien Menard & Thepthida Sopraseuth, 2012. "Optimal Unemployment Insurance for Older Workers," TEPP Working Paper 2012-07, TEPP.
- Hairault, Jean-Olivier & Langot, François & Ménard, Sébastien & Sopraseuth, Thepthida, 2011. "Optimal Unemployment Insurance for Older Workers," CEPREMAP Working Papers (Docweb) 1107, CEPREMAP.
- Jean-Olivier Hairault & François Langot & Sébastien Ménard & Thepthida Sopraseuth, 2012. "Optimal Unemployment Insurance for Older Workers," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00668989, HAL.
- Jean-Olivier Hairault & François Langot & Sébastien Ménard & Thepthida Sopraseuth, 2012. "Optimal unemployment insurance for older workers," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01292095, HAL.
- Jean-Olivier Hairault & François Langot & Sébastien Ménard & Thepthida Sopraseuth, 2012. "Optimal Unemployment Insurance for Older Workers," PSE-Ecole d'économie de Paris (Postprint) hal-00668989, HAL.
- Jean-Olivier Hairault & François Langot & Sébastien Ménard & Thepthida Sopraseuth, 2012. "Optimal unemployment insurance for older workers," Working Papers hal-01292095, HAL.
- Wang, Cheng & Williamson, Stephen D., 2002.
"Moral hazard, optimal unemployment insurance, and experience rating,"
Journal of Monetary Economics, Elsevier, vol. 49(7), pages 1337-1371, October.
- Williamson, Stephen D. & Wang, Cheng, 1999. "Moral Hazard, Optimal Unemployment Insurance, and Experience Rating," Working Papers 99-03, University of Iowa, Department of Economics.
- Wang, Cheng & Williamson, Stephen D., 2002. "Moral Hazard, Optimal Unemployment Insurance and Experience Rating," Staff General Research Papers Archive 10133, Iowa State University, Department of Economics.
- Wang, Cheng & Williamson, Stephen, 1996.
"Unemployment insurance with moral hazard in a dynamic economy,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 44(1), pages 1-41, June.
- Wang, C. & Williamson, S., 1995. "Unemployment Insurance with Moral Hazard in a Dynamic Economy," GSIA Working Papers 1995-13, Carnegie Mellon University, Tepper School of Business.
- Wang, Cheng & Williamson, Steve, 1996. "Unemployment Insurance with Moral Hazard in a Dynamic Economy," Staff General Research Papers Archive 5088, Iowa State University, Department of Economics.
- Stephen Williamson & Cheng Wang, 1995. "Unemployment Insurance with Moral Hazard in a Dynamic Economy," Macroeconomics 9506002, University Library of Munich, Germany.
- Williamson, S. & Wang, C., 1995. "Unemployment Insurance with Moral Hazard in a Dynamic Economy," Working Papers 95-09, University of Iowa, Department of Economics.
- 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.
- Pavoni, Nicola & Setty, Ofer & Violante, Giovanni L., 2010.
"Search and Work in Optimal Welfare Programs,"
Foerder Institute for Economic Research Working Papers
275749, Tel-Aviv University > Foerder Institute for Economic Research.
- Nicola Pavoni & Ofer Setty & Giovanni L. Violante, 2013. "Search and Work in Optimal Welfare Programs," NBER Working Papers 18666, National Bureau of Economic Research, Inc.
- Nicola Pavoni & Ofer Setty & Giovanni L. Violante, 2012. "Search and Work in Optimal Welfare Programs," Working Papers 2012-1, Princeton University. Economics Department..
- Violante, Giovanni & Pavoni, Nicola & Setty, Ofer, 2013. "Search and Work in Optimal Welfare Programs," CEPR Discussion Papers 9389, C.E.P.R. Discussion Papers.
- Robin Mason & Juuso Välimäki, 2013. "Dynamic Moral Hazard and Stopping," Discussion Papers 1314, University of Exeter, Department of Economics.
- Menard, Sebastien, 2006. "Optimal unemployment insurance with non-separable preferences," Economics Letters, Elsevier, vol. 93(2), pages 267-271, November.
- Hopenhayn, Hugo A & Nicolini, Juan Pablo, 1997.
"Optimal Unemployment Insurance,"
Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 412-438, April.
- Hopenhayn, H. & Nicolini, P.J., 1996. "Optimal Unemployment Insurance," RCER Working Papers 421, University of Rochester - Center for Economic Research (RCER).
- Lars Ljungqvist & Thomas Sargent, 1999. "Matlab code for Hopenhayn-Nicolini's optimal unemployment insurance model," QM&RBC Codes 18, Quantitative Macroeconomics & Real Business Cycles.
- Toshihiko Mukoyama & Ayşegül Şahin, 2005.
"Repeated moral hazard with persistence,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 25(4), pages 831-854, June.
- MUKOYAMA, Toshihiko & SAHIN, Aysegül, 2004. "Repeated Moral Hazard with Persistence," Cahiers de recherche 01-2004, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Pavoni, Nicola, 2007. "On optimal unemployment compensation," Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1612-1630, September.
- Tobias Laun, 2020.
"Optimal Social Insurance with Endogenous Health,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(2), pages 464-493, April.
- Laun, Tobias, 2012. "Optimal Social Insurance with Endogenous Health," SSE/EFI Working Paper Series in Economics and Finance 742, Stockholm School of Economics, revised 26 Mar 2013.
- Tobias Laun, 2012. "Optimal Social Insurance with Endogenous Health," 2012 Meeting Papers 438, Society for Economic Dynamics.
- Robert Shimer & Ivan Werning, 2008.
"Liquidity and Insurance for the Unemployed,"
American Economic Review, American Economic Association, vol. 98(5), pages 1922-1942, December.
- Robert Shimer & Ivan Werning, 2005. "Liquidity and Insurance for the Unemployed," NBER Working Papers 11689, National Bureau of Economic Research, Inc.
- Robert Shimer & Ivan Werning, 2005. "Liquidity and insurance for the unemployed," Staff Report 366, Federal Reserve Bank of Minneapolis.
- Rasmus Lentz & Torben Tranas, 2005.
"Job Search and Savings: Wealth Effects and Duration Dependence,"
Journal of Labor Economics, University of Chicago Press, vol. 23(3), pages 467-490, July.
- Rasmus Lenz & Torben Tranæs, "undated". "Job Search and Savings: Wealth Effects and Duration Dependence," EPRU Working Paper Series 01-10, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Rasmus Lentz & Torben Tranæs, 2002. "Job Search and Savings: Wealth Effects and Duration Dependence," CAM Working Papers 2004-11, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics, revised Nov 2003.
- Rasmus Lentz & Torben Tranaes, 2001. "Job Search and Savings: Wealth Effects and Duration Dependence," CESifo Working Paper Series 461, CESifo.
- Ofer Setty, 2019.
"Optimal unemployment insurance with monitoring,"
Quantitative Economics, Econometric Society, vol. 10(2), pages 693-733, May.
- Setty, Ofer, 2009. "Optimal Unemployment Insurance with Monitoring," MPRA Paper 18188, University Library of Munich, Germany.
- Setty, Ofer, 2010. "Optimal unemployment insurance with monitoring," Foerder Institute for Economic Research Working Papers 275747, Tel-Aviv University > Foerder Institute for Economic Research.
- Ofer Setty, 2013. "Optimal Unemployment Insurance with Monitoring," 2013 Meeting Papers 26, Society for Economic Dynamics.
- Setty, Ofer, 2012. "Optimal Unemployment Insurance with Monitoring," Foerder Institute for Economic Research Working Papers 275766, Tel-Aviv University > Foerder Institute for Economic Research.
- Garrett, Daniel F. & Pavan, Alessandro, 2015. "Dynamic managerial compensation: A variational approach," Journal of Economic Theory, Elsevier, vol. 159(PB), pages 775-818.
- Dirk Bergemann & Juuso Välimäki, 2019.
"Dynamic Mechanism Design: An Introduction,"
Journal of Economic Literature, American Economic Association, vol. 57(2), pages 235-274, June.
- Bergemann, Dirk & Välimäki, Juuso, 2017. "Dynamic Mechanism Design: An Introduction," CEPR Discussion Papers 12240, C.E.P.R. Discussion Papers.
- Dirk Bergemann & Juuso Valimaki, 2017. "Dynamic Mechanism Design: An Introduction," Cowles Foundation Discussion Papers 2102, Cowles Foundation for Research in Economics, Yale University.
- Dirk Bergemann & Juuso Valimaki, 2017. "Dynamic Mechanism Design: An Introduction," Cowles Foundation Discussion Papers 2102R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2018.
More about this item
Keywords
Continuous time; Moral hazard; Principal-agent model; Project completion;All these keywords.
JEL classification:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2008-06-27 (Business Economics)
- NEP-CTA-2008-06-27 (Contract Theory and Applications)
- NEP-PPM-2008-06-27 (Project, Program and Portfolio Management)
Statistics
Access and download statisticsCorrections
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:cpr:ceprdp:6857. 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: the person in charge (email available below). General contact details of provider: https://www.cepr.org .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.