Showing 1 - 10 of 26
Persistent link: https://www.econbiz.de/10003323529
This paper studies strategic information transmission in a dynamic environment where, each period, a privately informed expert sends a message and a decision maker takes an action. Our main result is that, in contrast to a static environment, full information revelation is possible. The gradual...
Persistent link: https://www.econbiz.de/10009011096
Persistent link: https://www.econbiz.de/10009530245
Persistent link: https://www.econbiz.de/10009763174
Persistent link: https://www.econbiz.de/10002343844
Persistent link: https://www.econbiz.de/10001846140
"We study optimal labor and savings distortions in a lifecycle model with idiosyncratic shocks. We show a tight connection between its recursive formulation and a static Mirrlees model with two goods, which allows us to derive elasticity-based expressions for the dynamic optimal distortions. We...
Persistent link: https://www.econbiz.de/10009422671
Persistent link: https://www.econbiz.de/10003462759
Persistent link: https://www.econbiz.de/10003386880
Persistent link: https://www.econbiz.de/10001880133