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A Recursive Formulation for Repeated Agency with History Dependence

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Fernandes, Ana
Phelan, Christopher

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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 91 (2000)
Issue (Month): 2 (April)
Pages: 223-247
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Handle: RePEc:eee:jetheo:v:91:y:2000:i:2:p:223-247

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Harold L. Cole & Narayana R. Kocherlakota, 1999. "Efficient allocations with hidden income and hidden storage," Staff Report 238, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  2. Wang, Cheng, 1995. "Dynamic Insurance with Private Information and Balanced Budgets," Review of Economic Studies, Blackwell Publishing, vol. 62(4), pages 577-95, October. [Downloadable!] (restricted)
  3. Phelan, Christopher, 1994. "Incentives and Aggregate Shocks," Review of Economic Studies, Blackwell Publishing, vol. 61(4), pages 681-700, October. [Downloadable!] (restricted)
  4. Spear, Stephen E & Srivastava, Sanjay, 1987. "On Repeated Moral Hazard with Discounting," Review of Economic Studies, Blackwell Publishing, vol. 54(4), pages 599-617, October. [Downloadable!] (restricted)
  5. Phelan, C. & Townsend, R.M., 1990. "Computing Multiperiod, Information-Constrained Optima," University of Chicago - Economics Research Center 90-13, Chicago - Economics Research Center.
    Other versions:
  6. Atkeson, Andrew & Lucas, Robert E, Jr, 1992. "On Efficient Distribution with Private Information," Review of Economic Studies, Blackwell Publishing, vol. 59(3), pages 427-53, July. [Downloadable!] (restricted)
  7. Besanko, David, 1985. "Multi-period contracts between principal and agent with adverse selection," Economics Letters, Elsevier, vol. 17(1-2), pages 33-37. [Downloadable!] (restricted)
  8. Harold L. Cole & Narayana Kocherlakota, 1998. "Dynamic games with hidden actions and hidden states," Staff Report 254, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  9. Thomas, Jonathan & Worrall, Tim, 1990. "Income fluctuation and asymmetric information: An example of a repeated principal-agent problem," Journal of Economic Theory, Elsevier, vol. 51(2), pages 367-390, August. [Downloadable!] (restricted)
  10. Hopenhayn, Hugo A & Nicolini, Juan Pablo, 1997. "Optimal Unemployment Insurance," Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 412-38, April.
    Other versions:
  11. Phelan Christopher, 1995. "Repeated Moral Hazard and One-Sided Commitment," Journal of Economic Theory, Elsevier, vol. 66(2), pages 488-506, August. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Marcus Hagedorn & Ashok Kaul & Tim Mennel, . "An Adverse Selection Model of Optimal Unemployment Insurance," IEW - Working Papers iewwp237, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  2. Radim Bohacek, 2001. "Capital Accumulation in an Economy with Heterogeneous Agents and Moral Hazard," GE, Growth, Math methods 0012001, EconWPA. [Downloadable!]
  3. Mukoyama, Toshihiko & Sahin, Aysegül, 2004. "Repeated Moral Hazard with Persistence," Cahiers de recherche 01-2004, Centre interuniversitaire de recherche en économie quantitative, CIREQ. [Downloadable!]
    Other versions:
  4. Stefania Albanesi & Christopher Sleet, 2004. "Dynamic optimal taxation with private information," Discussion Paper / Institute for Empirical Macroeconomics 140, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  5. Marek Kapicka, 2006. "Optimal Income Taxation with Human Capital Accumulation and Limited Record Keeping," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(4), pages 612-639, October. [Downloadable!] (restricted)
  6. Mark Huggett (Georgetown University) and Juan Carlos Parra (Georgetown University), . "Quantifying the Inefficiency of the US Social Insurance System," Working Papers gueconwpa~05-05-16, Georgetown University, Department of Economics. [Downloadable!]
    Other versions:
  7. Narayana R. Kocherlakota, 2005. "Monetary and Fiscal Policy: An Overview," Levine's Bibliography 122247000000000909, UCLA Department of Economics. [Downloadable!]
  8. Mark Huggett & Juan Carols Parra, . "How Well Does the US Social Insurance System Provide Social Insurance?," Working Papers gueconwpa~06-06-11, Georgetown University, Department of Economics. [Downloadable!]
  9. Radim Bohacek, 2001. "Capital Accumulation And Moral Hazard In An Economy With Heterogeneous Agents," CeNDEF Workshop Papers, January 2001 1B.2, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
  10. J. C. Parra & M. Huggett, 2005. "Quantifying the Inefficiency of the US Social Security System," Computing in Economics and Finance 2005 70, Society for Computational Economics. [Downloadable!]
  11. Borys Grochulski, 2008. "Optimal personal bankruptcy design : A Mirrlees approach," Working Paper 08-05, Federal Reserve Bank of Richmond. [Downloadable!]
  12. Arpad Abraham & Nicola Pavoni, 2008. "Efficient Allocations with Moral Hazard and Hidden Borrowing and Lending: A Recursive Formulation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 781-803, October. [Downloadable!] (restricted)
    Other versions:
  13. Peter Bardsley & Katerina Sherstyuk, 2006. "Rat Races and Glass Ceilings," Topics in Theoretical Economics, Berkeley Electronic Press, vol. 6(1), pages 1297-1297. [Downloadable!] (restricted)
  14. Costa, Carlos Eugênio da, 2005. "Yet Another Reason to Tax Goods," Economics Working Papers (Ensaios Economicos da EPGE) 596, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
    Other versions:
  15. Harold L. Cole & Narayana Kocherlakota, 1998. "Dynamic games with hidden actions and hidden states," Staff Report 254, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  16. Arantxa Jarque, 2008. "Repeated moral hazard with effort persistence," Working Paper 08-04, Federal Reserve Bank of Richmond. [Downloadable!]
    Other versions:
  17. Abraham Arpad & Nicola Pavoni, 2004. "Efficient Allocations, with Moral Hazard and Hidden Borrowing and Lending," Levine's Bibliography 122247000000000138, UCLA Department of Economics. [Downloadable!]
    Other versions:
  18. Guido Menzio, 2007. "A Search Theory of Rigid Prices," PIER Working Paper Archive 07-031, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania. [Downloadable!]
  19. Hugo Hopenhayn & Arantxa Jarque, 2007. "Moral hazard and persistence," Working Paper 07-07, Federal Reserve Bank of Richmond. [Downloadable!]
    Other versions:
  20. Susan Athey & Kyle Bagwell, 2007. "Collusion with Persistent Cost Shocks," Levine's Bibliography 321307000000000898, UCLA Department of Economics. [Downloadable!]
    Other versions:
  21. Noah Williams, 2008. "Persistent Private Information," NBER Working Papers 13894, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  22. Schnedler, Wendelin & Sunde, Uwe, 2002. "The Hold-Down Problem and the Boundaries of the Firm: Lessons from a Hidden Action Model with Endogenous Outside Option," IZA Discussion Papers 464, Institute for the Study of Labor (IZA). [Downloadable!]
  23. Radim Bohacek, 2000. "Capital Accumulation in an Economy with Heterogeneous Agents and Moral Hazard," CERGE-EI Working Papers wp165, The Center for Economic Research and Graduate Education - Economic Institute, Prague. [Downloadable!]
  24. Narayana Kocherlakota, 2004. "Figuring out the Impact of Hidden Savings on Optimal Unemployment Insurance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(3), pages 541-554, July. [Downloadable!] (restricted)
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