Efficient Auditing and Enforcement in Dynamic Contracts
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Ethan Ligon & Jonathan P. Thomas & Tim Worrall, 2002. "Informal Insurance Arrangements with Limited Commitment: Theory and Evidence from Village Economies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(1), pages 209-244.
- Koeppl, Thorsten V., 2007.
"Optimal dynamic risk sharing when enforcement is a decision variable,"
Journal of Economic Theory, Elsevier, vol. 134(1), pages 34-60, May.
- Koeppl, Thorsten Volker, 2003. "Optimal dynamic risk sharing when enforcement is a decision variable," Working Paper Series 282, European Central Bank.
- Thorsten V. Koeppl, 2005. "Optimal Dynamic Risk Sharing When Enforcement Is A Decision Variable," Working Paper 1050, Economics Department, Queen's University.
- Fahad Khalil, 1997.
"Auditing Without Commitment,"
RAND Journal of Economics, The RAND Corporation, vol. 28(4), pages 629-640, Winter.
- Khalil, F., 1992. "Auditing Without Commitment," Discussion Papers in Economics at the University of Washington 92-15, Department of Economics at the University of Washington.
- Khalil, F., 1992. "Auditing Without Commitment," Working Papers 92-15, University of Washington, Department of Economics.
- Atkeson, Andrew, 1991.
"International Lending with Moral Hazard and Risk of Repudiation,"
Econometrica, Econometric Society, vol. 59(4), pages 1069-1089, July.
- Andrew Atkeson, 2010. "International lending with moral hazard and risk of repudiation," Levine's Working Paper Archive 200, David K. Levine.
- Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
- Timothy J. Kehoe & David K. Levine, 1993.
"Debt-Constrained Asset Markets,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(4), pages 865-888.
- Timothy J. Kehoe & David K. Levine, 1992. "Debt constrained asset markets," Working Papers 445, Federal Reserve Bank of Minneapolis.
- Timothy J Kehoe & David K Levine, 1993. "Debt Constrained Asset Markets," Levine's Working Paper Archive 1276, David K. Levine.
- Thomas, Jonathan & Worrall, Tim, 1990.
"Income fluctuation and asymmetric information: An example of a repeated principal-agent problem,"
Journal of Economic Theory, Elsevier, vol. 51(2), pages 367-390, August.
- J. Thomas & T. Worrall, 2010. "Income Fluctuations and Asymmetric Information: An Example of the Repeated Principal Agent Problem," Levine's Working Paper Archive 2077, David K. Levine.
- Jonathan Thomas & Tim Worrall, 1988. "Self-Enforcing Wage Contracts," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(4), pages 541-554.
- Thorsten Koeppl & Cyril Monnet & Erwan Quintin, 2008. "Efficient institutions," Working Papers 08-33, Federal Reserve Bank of Philadelphia.
- Cochrane, John H, 1991. "A Simple Test of Consumption Insurance," Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 957-976, October.
- Stefan Krasa & Anne P. Villamil, 2000. "Optimal Contracts when Enforcement Is a Decision Variable," Econometrica, Econometric Society, vol. 68(1), pages 119-134, January.
- Townsend, Robert M., 1979.
"Optimal contracts and competitive markets with costly state verification,"
Journal of Economic Theory, Elsevier, vol. 21(2), pages 265-293, October.
- Robert M. Townsend, 1979. "Optimal contracts and competitive markets with costly state verification," Staff Report 45, Federal Reserve Bank of Minneapolis.
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.- Antinolfi, Gaetano & Carli, Francesco, 2015.
"Costly monitoring, dynamic incentives, and default,"
Journal of Economic Theory, Elsevier, vol. 159(PA), pages 105-119.
- Gaetano Antinolfi, 2012. "Costly Monitoring, Dynamic Incentives, and Default," 2012 Meeting Papers 892, Society for Economic Dynamics.
- 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.
- Harold Cole & Andrew Atkeson, 2004.
"A Dynamic Theory of Optimal Capital Structure and Executive Compensation,"
2004 Meeting Papers
267, Society for Economic Dynamics.
- Andrew Atkeson & Harold Cole, 2005. "A Dynamic Theory of Optimal Capital Structure and Executive Compensation," NBER Working Papers 11083, National Bureau of Economic Research, Inc.
- 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.
- Kletzer, Kenneth, 2004.
"Sovereign Debt, Volatility and Insurance,"
Santa Cruz Department of Economics, Working Paper Series
qt71b785gd, Department of Economics, UC Santa Cruz.
- Kenneth M. Kletzer, 2005. "Sovereign debt, volatility, and insurance," Working Paper Series 2006-05, Federal Reserve Bank of San Francisco.
- Kletzer, Kenneth, 2005. "Sovereign Debt, Volatility and Insurance," Santa Cruz Department of Economics, Working Paper Series qt7337d1nw, Department of Economics, UC Santa Cruz.
- Kenneth Kletzer, 2005. "Sovereign Debt, Volatility and Insurance," Working Papers Central Bank of Chile 330, Central Bank of Chile.
- Kletzer, Kenneth, 2004. "Sovereign Debt, Volatility and Insurance," Santa Cruz Center for International Economics, Working Paper Series qt71b785gd, Center for International Economics, UC Santa Cruz.
- Tobias Broer, 2013.
"The Wrong Shape of Insurance? What Cross-Sectional Distributions Tell Us about Models of Consumption Smoothing,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 5(4), pages 107-140, October.
- Broer, Tobias, 2011. "The wrong shape of insurance? What cross-sectional distributions tell us about models of consumption-smoothing," CEPR Discussion Papers 8701, C.E.P.R. Discussion Papers.
- Koeppl, Thorsten V., 2007.
"Optimal dynamic risk sharing when enforcement is a decision variable,"
Journal of Economic Theory, Elsevier, vol. 134(1), pages 34-60, May.
- Koeppl, Thorsten Volker, 2003. "Optimal dynamic risk sharing when enforcement is a decision variable," Working Paper Series 282, European Central Bank.
- Thorsten V. Koeppl, 2005. "Optimal Dynamic Risk Sharing When Enforcement Is A Decision Variable," Working Paper 1050, Economics Department, Queen's University.
- Jean Guillaume Forand & Jan Zapal, 2017.
"The Demand and Supply of Favours in Dynamic Relationships,"
Working Papers
1705, University of Waterloo, Department of Economics, revised Sep 2017.
- Jean Guillaume Forand & Jan Zapal, 2017. "The Demand and Supply of Favours in Dynamic Relationships," CERGE-EI Working Papers wp605, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Dubois, Pierre, 2002. "Consommation, partage de risque et assurance informelle : développements théoriques et tests empiriques récents," L'Actualité Economique, Société Canadienne de Science Economique, vol. 78(1), pages 115-149, Mars.
- Cole, Harold L., 2013. "Self-enforcing stochastic monitoring and the separation of claims," Journal of Monetary Economics, Elsevier, vol. 60(6), pages 632-649.
- Kenneth Kletzer, 2006. "International Financial Integration, Sovereignty, and Constraints on Macroeconomic Policies," IMF Working Papers 2006/079, International Monetary Fund.
- Gabriel Madeira, 2014.
"Legal enforcement, default and heterogeneity of project-financing contracts,"
Annals of Finance, Springer, vol. 10(4), pages 569-602, November.
- Gabriel de Abreu Madeira, 2012. "Legal Enforcement, Default and Heterogeneity of Project Financing Contracts," Working Papers, Department of Economics 2012_31, University of São Paulo (FEA-USP).
- Alvaro Aguirre, 2017.
"Contracting Institutions and Economic Growth,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 24, pages 192-217, March.
- Álvaro Aguirre, 2011. "Contracting Institutions and Economic Growth," Working Papers Central Bank of Chile 643, Central Bank of Chile.
- Tom Krebs & Moritz Kuhn & Mark Wright, 2016.
"Insurance in human capital models with limited enforcement,"
CAMA Working Papers
2016-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Krebs, Tom & Kuhn, Moritz & Wright, Mark L. J., 2016. "Insurance in Human Capital Models with Limited Enforcement," IZA Discussion Papers 9948, Institute of Labor Economics (IZA).
- Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2016. "Insurance in Human Capital Models with Limited Enforcement," CESifo Working Paper Series 5990, CESifo.
- Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2016. "Insurance in Human Capital Models with Limited Enforcement," Working Paper Series WP-2016-8, Federal Reserve Bank of Chicago.
- Jean-Jacques Laffont, 2003.
"Enforcement, Regulation and Development,"
Journal of African Economies, Centre for the Study of African Economies, vol. 12(Supplemen), pages 193-211, September.
- Laffont, Jean-Jacques, 2001. "Enforcement, Regulation and Development," IDEI Working Papers 129, Institut d'Économie Industrielle (IDEI), Toulouse.
- Mark Aguiar & Manuel Amador, 2013. "Sovereign Debt: A Review," NBER Working Papers 19388, National Bureau of Economic Research, Inc.
- Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2015.
"Human Capital Risk, Contract Enforcement, and the Macroeconomy,"
American Economic Review, American Economic Association, vol. 105(11), pages 3223-3272, November.
- Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2011. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," NBER Working Papers 17714, National Bureau of Economic Research, Inc.
- Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2014. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," Working Paper Series WP-2014-9, Federal Reserve Bank of Chicago.
- Krebs, Tom & Kuhn, Moritz & Wright, Mark L. J., 2015. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," IZA Discussion Papers 9228, Institute of Labor Economics (IZA).
- Moritz Kuhn & Mark Wright & Tom Krebs, 2012. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," 2012 Meeting Papers 159, Society for Economic Dynamics.
- Tom Krebs & Moritz Kuhn & Mark Wright, 2015. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," Working Papers 2015-010, Human Capital and Economic Opportunity Working Group.
- Orazio P. Attanasio & Guglielmo Weber, 2010.
"Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy,"
Journal of Economic Literature, American Economic Association, vol. 48(3), pages 693-751, September.
- Orazio P. Attanasio & Guglielmo Weber, 2010. "Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy," NBER Working Papers 15756, National Bureau of Economic Research, Inc.
- Harold L. Cole, 2008.
"Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims,"
PIER Working Paper Archive
08-025, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Harold L. Cole, 2008. "Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims," NBER Working Papers 14480, National Bureau of Economic Research, Inc.
- Samuelson, Larry & Stacchetti, Ennio, 2017. "Even up: Maintaining relationships," Journal of Economic Theory, Elsevier, vol. 169(C), pages 170-217.
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:red:sed010:572. 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: Christian Zimmermann (email available below). General contact details of provider: https://edirc.repec.org/data/sedddea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.