Recursive Contracts and Endogenously Incomplete Markets
In: Handbook of Macroeconomics
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DOI: 10.1016/bs.hesmac.2016.03.007
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- Mikhail Golosov & Aleh Tsyvinski & Nicolas Werquin, 2016. "Recursive Contracts and Endogenously Incomplete Markets," NBER Working Papers 22012, National Bureau of Economic Research, Inc.
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- Davila, Eduardo & Hebert, Benjamin, 2019. "Optimal Corporate Taxation Under Financial Frictions," Research Papers 3594, Stanford University, Graduate School of Business.
- Eduardo Dávila & Benjamin M. Hébert, 2019. "Optimal Corporate Taxation Under Financial Frictions," NBER Working Papers 25520, National Bureau of Economic Research, Inc.
- Cui, Xiaoyong & Gong, Liutang & Li, Wenjian, 2021. "Supply-side optimal capital taxation with endogenous wage inequality," Journal of Public Economics, Elsevier, vol. 198(C).
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"The Demand and Supply of Favours in Dynamic Relationships,"
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- Krasikov, Ilia & Lamba, Rohit, 2021. "A theory of dynamic contracting with financial constraints," Journal of Economic Theory, Elsevier, vol. 193(C).
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- Robert G. King & Yang K. Lu, 2020. "Managing Expectations in the New Keynesian Model," HKUST CEP Working Papers Series 202007, HKUST Center for Economic Policy.
- Keiichiro KOBAYASHI & Tomoyuki NAKAJIMA & Shuhei TAKAHASHI, 2020. "Lack of debt restructuring and lender's credibility - A theory of nonperforming loans -," CIGS Working Paper Series 20-002E, The Canon Institute for Global Studies.
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More about this item
Keywords
Principal–agent model; Dynamic mechanism design; Recursive contracts; Private information; Limited commitment; Incomplete markets; Revelation Principle; Promised utility; First-order approach; Hidden storage; Lagrangian; Continuous time contracts; A33; C61; D52; D82; D86; H21;All these keywords.
JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
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