Browsing by Subject "time inconsistency"

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Browsing by Subject "time inconsistency"

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    Title: Recursive Contracts  Author(s): MARCET, Albert; MARIMON, Ramon Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: We obtain a recursive formulation for a general class of contracting problems involving incentive constraints. These constraints make the corresponding maximization sup problems non-recursive. Our approach consists of ...
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    Title: Recursive Contracts  Author(s): MARCET, Albert; MARIMON, Ramon Date: 2011 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We obtain a recursive formulation for a general class of contracting problems involving incentive constraints. These constraints make the corresponding maximization sup problems non-recursive. Our approach consists of ...
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    Title: Credibilty Concerns in Optimal Policy Design  Author(s): LU, Yang K. Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: This paper provides a transparent framework for thinking about optimal investment in reputation by a trustworthy government. This topic has been neglected by the existing literature on reputation games but is potentially ...
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    Title: The Time-Inconsistency of Alternative Energy Policy  Author(s): D'ARTIGUES, Agnès; PERCEBOIS, Jacques; VIGNOLO, Thierry Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Time-inconsistency can arise when a government attempts to convince private sector to use a particular alternative energy (gas, green electricity...) rather than petroleum products. By introducing taxes and feed-in prices, ...