Recursive Methods for Incentive Problems

Many separable dynamic incentive problems have primal recursive formulations in which utility promises serve as state variables. We associate families of dual recursive problems with these by selectively dualizing constraints. 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

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Year of publication:	2012
Authors:	Messner, Matthias ; Pavoni, Nicola ; Sleet, Christopher M.
Publisher:	[S.l.] : SSRN

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Extent:	1 Online-Ressource (46 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1, 2011 erstellt
Other identifiers:	10.2139/ssrn.1792816 [DOI]
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C73 - Stochastic and Dynamic Games ; D82 - Asymmetric and Private Information ; D86 - Economics of Contract: Theory ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014184464