Marcet and Marimon (1999) propose a recursive Lagrangian-based method for solving dynamic incentive problems. We show that this method is applicable to a large class of concave contracting problems that encompass many in the literature. This class includes problems with (potentially persistent) private information, non-commitment, differential private and societal discounting and potentially un...

An important result in convex analysis is the duality between a closed convex set and its support function. We exploit this duality to develop a novel geometric approach to mechanism design. For a general class of social choice problems we characterize the feasible set, which is closed and convex, and its support function. We next provide a geometric interpretation of incentive compatibility an...

background: resistive inspiratory muscle training (rimt) is a well-known technique for rehabilitation of patients with chronic obstructive pulmonary disease (copd). incentive spirometry is another technique with potential viability for this application, but there is limited evidence in support of its efficacy in the rehabilitation of copd patients. aim: the objective of this study was to compar...

abstract this article aims to provide theoretical model for analyzing challenge of asymmetric information in the third sector of economy (which is the most important challenge, preventing the growth and development of third sector), using the theoretical foundation of contract theory and incentive theory with regard to the special characteristics of third sector derived by its special structure...

An important result in convex analysis is the duality between a closed convex set and its support function. We exploit this duality to develop a novel geometric approach to mechanism design. For a general class of social choice problems we characterize the feasible set, which is closed and convex, and its support function. We next provide a geometric interpretation of incentive compatibility an...

Medicare provides incentive reimbursements to health maintenance organizations (HMOs) which enroll Medicare beneficiaries on a risk option and provide care at a lower cost than expected. The incentive reimbursements are tied to an actuarial calculation of Medicare Adjusted Average Per Capita Cost (AAPCC). The AAPCC adjusts for a number of variables which affect Medicare reimbursements and for w...

We consider crowdsourcing problems where the users are asked to provide evaluations for items; the user evaluations are then used directly, or aggregated into a consensus value. Lacking an incentive scheme, users have no motive in making effort in completing the evaluations, providing inaccurate answers instead. We propose incentive schemes that are truthful and cheap: truthful as the optimal u...

In Germany construction projects are based on traditional contracts with competitive bidding, which do not support collaboration. The behavior of non-cooperation results in a mass of claims and problems by the final inspection up to legal proceedings. Furthermore, the complex and dynamic environment as well as the asymmetric information between the participants of a construction project lead to...