On Repeated Moral Hazard with Discounting

From MaRDI portal
Publication:3780710

DOI10.2307/2297484zbMath0639.90013OpenAlexW1996634090MaRDI QIDQ3780710

Sanjay Srivastava, Stephan E. Spear

Publication date: 1987

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/7fc8aba59bd6c81c6c03adfd8d4738843439b7a0




Related Items

On the Futility of Dynamics in Robust Mechanism DesignTime Inconsistency, Precommitment, and Equilibrium Strategies for a Stackelberg GameIntertemporal incentives under loss aversionScale effects in dynamic contractingMarkov-perfect risk sharing, moral hazard and limited commitmentMoral hazard under ambiguityOptimal risk-sharing with effort and project choiceOptimal principal agent contracts for a class of incentive schemes: A characterization and the rate of approach to efficiencyOptimal dynamic risk sharing when enforcement is a decision variableRobust contracting in general contract spacesRisky utilitiesConditional Analysis and a Principal-Agent ProblemWhen \(q\) theory meets large losses risks and agency conflictsGoodwill in communicationOn the complexity of dynamic mechanism designDynamic costs and moral hazard: a duality-based approachDiscounted quotasTime consistent taxation by a government with redistributive goalsOptimal compensation with hidden action and lump-sum payment in a continuous-time modelRenegotiation-proof contract in repeated agencyRelational contracts, limited liability, and employment dynamicsIncentives, CEO compensation, and shareholder wealth in a dynamic agency modelEx ante payments in self-enforcing risk-sharing contractsOptimal contract for the principal-agent under Knightian uncertaintyKNOWLEDGE ACCUMULATION WITHIN AN ORGANIZATIONThe moral hazard problem with high stakesOptimal unemployment insurance with non-separable preferencesComputational economics and economic theory: Substitutes or complements?Repeated moral hazard with effort persistenceOptimal state-contingent unemployment insuranceLender deception as a response to moral hazardThe dynamics of working hours and wages under implicit contractsDynamic contractual incentives in the face of a Samaritans's dilemmaDynamic Double Auctions: Toward First BestRisk-sharing and optimal contracts with large exogenous risksDynamic programming approach to principal-agent problemsDYNAMIC CONTRACTS WITH WORKER MOBILITY VIA DIRECTED ON-THE-JOB SEARCHFrequent monitoring in dynamic contractsContracting with a naïve time-inconsistent agent: to exploit or not to exploit?Dynamic managerial compensation: a variational approachA duality approach to continuous-time contracting problems with limited commitmentA solvable continuous time dynamic principal-agent modelTermination of dynamic contracts in an equilibrium labor market modelOptimal contracts to a principal-agent model with a diffusion coefficient affected by firm sizeAsymptotic efficiency in principal-agent models with hidden informationOptimal equilibrium contracts in the infinite horizon with no commitment across periodsAgency-based asset pricingA dynamic theory of war and peaceMultiagent Mechanism Design Without MoneyA solvable dynamic principal-agent model with linear marginal productivityDynamic risk-sharing with two-sided moral hazardIncentives, insurance, and the variability of consumption and leisureOptimal Monitoring Schedule in Dynamic ContractsOptimal self-enforcement and terminationEfficient propagation of shocks and the optimal return on moneyA dynamic model of settlementIncentives, insurance, and the variability of consumption and leisureDynamic incentive contracts with termination threatsDynamic contracting under imperfect public information and asymmetric beliefsOptimal lending contracts with long run borrowing constraintsRepeated moral hazard and recursive LagrangeansInvestment and bilateral insuranceInducing Environmental Disclosures: A Dynamic Mechanism Design ApproachDynamic games with hidden actions and hidden statesDynamic mechanism design with hidden income and hidden actionsAn adverse selection model of optimal unemployment insuranceWhen to fire a CEO: optimal termination in dynamic contractsCompetitive equilibria of economies with a continuum of consumers and aggregate shocksTime of the essenceOn Ramsey's conjecture: efficient allocations in the neoclassical growth model with private informationA theory of dynamic contracting with financial constraintsEFFICIENCY–EQUALITY TRADE-OFF OF SOCIAL INSURANCEDynamic contracts with random monitoringDelegated information acquisition with moral hazardDynamic monitoring under resource constraintsIncome fluctuation and asymmetric information: An example of a repeated principal-agent problemThe interaction of implicit and explicit contracts in repeated agencyOptimal sickness benefits in a principal-agent modelCredible monetary policy in an infinite horizon model: Recursive approachesAmbiguity in dynamic contractsA recursive formulation for repeated agency with history dependenceMoney and dynamic credit arrangements with private informationAsynchronous games with transfers: uniqueness and optimalityRepeated delegationOptimal Contract for Machine Repair and MaintenanceOutside opportunities and terminationEscrow and ClawbackInvestor protection and optimal contracts under risk aversion and costly state verification