Narrow search
Showing 1 - 10 of 19,566
Cover Image
Optimal information disclosure : a linear programming approach
Kolotilin, Anton - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 2, pp. 607-635
An uninformed sender designs a mechanism that discloses information about her type to a privately informed receiver, who then decides whether to act. I impose a single-crossing assumption, so that the receiver with a higher type is more willing to act. Using a linear programming approach, I...
Persistent link: https://www.econbiz.de/10011856702
Cover Image
Existence and characterization of optimal employment contracts on a continuous state space
Kahn, Charles M. - In: Journal of economic theory 59 (1993) 1, pp. 122-144
Persistent link: https://www.econbiz.de/10001141735
Cover Image
An Optimal Information Gathering Algorithm
Di Caprio, Debora; Santos‐Arteaga, Francisco - 2012
are illustrated numerically for a variety of utility functions commonly used in decision theory …
Persistent link: https://www.econbiz.de/10014166100
Cover Image
Optimal dynamic information provision
Renault, Jérôme; Solan, Eilon; Vieille, Nicolas - 2017
Persistent link: https://www.econbiz.de/10012221224
Cover Image
Optimal dynamic information provision
Renault, Jérôme; Solan, Eilon; Vieille, Nicolas - In: Games and economic behavior 104 (2017), pp. 329-349
Persistent link: https://www.econbiz.de/10011793371
Cover Image
Rumour propagation : an operational research approach by computational and information theory
Gürbüz, Burcu; Mawengkang, Herman; Husein, Ismail; … - In: Central European journal of operations research 30 (2022) 1, pp. 345-365
Persistent link: https://www.econbiz.de/10013185116
Cover Image
A Concise Guide to Dynamic Optimization
Chang, Winston W. - 2016
problems. The paper discusses Pontryagin's maximum principle in optimal control theory under infinite-time horizon and fixed …
Persistent link: https://www.econbiz.de/10014176571
Cover Image
Recursive utility using the stochastic maximum principle
Aase, Knut K. - In: Quantitative economics : QE ; journal of the … 7 (2016) 3, pp. 859-887
Motivated by the problems of the conventional model in rationalizing market data, we derive the equilibrium interest rate and risk premiums using recursive utility in a continuous-time model. We use the stochastic maximum principle to analyze the model. This method uses forward/backward...
Persistent link: https://www.econbiz.de/10011800871
Cover Image
The Impact of Firm Size on Dynamic Incentives and Investment
Chi, Chang Koo - 2019
Recent empirical studies conclude that small firms have higher but more variable growth rates than large firms. To explore the effect of this size-dependence regularity on moral hazard and investment, we develop a continuous-time agency model with time-varying firm size. Firm size is a diffusion...
Persistent link: https://www.econbiz.de/10012905816
Cover Image
Chapter 10. Recursive Contracts and Endogenously Incomplete Markets
Golosov, M.; Tsyvinski, A.; Werquin, N. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 725-841). 2016
—the theory of recursive contracts. Recursive formulations allow us to reduce often complex models to a sequence of essentially … of the basic theory: the Revelation Principle, formulating and simplifying the incentive constraints, using promised … advanced topics: duality theory and Lagrange multiplier techniques, models with lack of commitment, and martingale methods in …
Persistent link: https://www.econbiz.de/10014024287