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dc.contributor.authorMESSNER, Matthias
dc.contributor.authorPAVONI, Nicola
dc.contributor.authorSLEET, Christopher
dc.date.accessioned2014-12-19T18:00:08Z
dc.date.available2014-12-19T18:00:08Z
dc.date.issued2012
dc.identifier.citationReview of economic dynamics, 2012, Vol. 15, No. 4, pp. 501-525
dc.identifier.issn1094-2025
dc.identifier.issn1096-6099
dc.identifier.urihttp://hdl.handle.net/1814/33999
dc.description.abstractMany dynamic incentive problems have a primal recursive formulation in which utility promises serve as state variables. We associate dual recursive formulations with these problems. We make transparent the connections between recursive primal and dual approaches, relate value iteration under each and give conditions for such value iteration to be convergent to the true value function. (C) 2012 Elsevier Inc. All rights reserved.
dc.language.isoEn
dc.publisherAcademic Press Inc Elsevier Science
dc.relation.ispartofReview of economic dynamics
dc.subjectDynamic contracts
dc.subjectDuality
dc.subjectDynamic programming
dc.subjectFormulation
dc.titleRecursive methods for incentive problems
dc.typeArticle
dc.identifier.doi10.1016/j.red.2012.07.002
dc.identifier.volume15
dc.identifier.startpage501
dc.identifier.endpage525
eui.subscribe.skiptrue
dc.identifier.issue4


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