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Efficient Allocations in Dynamic Private Information Economies with Persistent Shocks: A First-Order Approach

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Publication:4610600
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DOI10.1093/restud/rds045zbMath1405.91355OpenAlexW2110287235MaRDI QIDQ4610600

Marek Kapička

Publication date: 23 January 2019

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

Full work available at URL: https://doi.org/10.1093/restud/rds045


zbMATH Keywords

first-order approachprivate informationpersistent shocks


Mathematics Subject Classification ID

Economic growth models (91B62) Economics of information (91B44)


Related Items (8)

Dynamic delegation with a persistent state ⋮ When (and how) to favor incumbents in optimal dynamic procurement auctions ⋮ Introduction to symposium on dynamic contracts and mechanism design ⋮ Dynamic managerial compensation: a variational approach ⋮ A solvable continuous time dynamic principal-agent model ⋮ Optimal government policies in models with heterogeneous agents ⋮ On the value of repetition for communication games ⋮ Dynamic contracting with persistent shocks




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