Communication, commitment, and growth

DOI10.1016/0022-0531(92)90054-LzbMath0765.90026MaRDI QIDQ1207489

Albert Marcet, Ramon Marimon

Publication date: 1 April 1993

Published in: Journal of Economic Theory (Search for Journal in Brave)

zbMATH Keywords

stochastic growth modelincentive constraintsalternative financing opportunities

Mathematics Subject Classification ID

Economic growth models (91B62) Stochastic systems in control theory (general) (93E03)

Related Items

On the recursive saddle point method, Dynamic programming solution of incentive constrained problems, Optimal taxes without commitment, Monotone contracts, A duality approach to continuous-time contracting problems with limited commitment, Optimal risk sharing and borrowing constraints in a continuous-time model with limited commitment, Large external debt and (slow) domestic growth, Contract enforcement and the size of the informal economy, Endogenous market incompleteness with investment risks, Social conflict and growth., Investment and bilateral insurance, Public versus private risk sharing, On Ramsey's conjecture: efficient allocations in the neoclassical growth model with private information, LEARNING THE INFLATION TARGET, Algorithms for solving dynamic models with occasionally binding constraints, Export promotion, learning by doing, and growth, Incentive compatibility constraints and dynamic programming in continuous time

Cites Work

• Unnamed Item
• Unnamed Item
• Income fluctuation and asymmetric information: An example of a repeated principal-agent problem
• Stochastic turnpike property and stationary equilibrium
• A Difficulty with the Optimum Quantity of Money
• Toward a Theory of Discounted Repeated Games with Imperfect Monitoring
• On Efficient Distribution with Private Information
• Debt Constrained Asset Markets
• International Lending with Moral Hazard and Risk of Repudiation