A Recursive Formulation for Repeated Agency with History Dependence
نویسندگان
چکیده
There is now an extensive literature regarding the efficient design of incentive mechanisms in dynamic environments. Included in this literature are models with privately observed endowment shocks (Green [6], Thomas and Worrall [13], Phelan [9], Wang [15], among others), privately observed taste shocks (Atkeson and Lucas [2]) and privately observed effort levels (Spear and Srivastava [11], Phelan and Townsend [10], Phelan [8], Hopen-
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 91 شماره
صفحات -
تاریخ انتشار 2000