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Optimal Contracting and Dynamic Altruism : Consumption and Family Size

Hosseini, Roozbeh - 2012

We use a Barro-Becker model of endogenous fertility, in which parents are subject to idiosyncratic shocks that are … inequality in the long run. The planner uses the trade off between family size and future consumption and leisure, in addition to … long run properties of family size in the optimal contract and show that the long run trend in dynasty size can be either …

Persistent link: https://www.econbiz.de/10013106352

Inefficiency and regulation in credence goods markets with altruistic experts

Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020

We study a credence goods problem - that is, a moral hazard problem with non-contractible outcome - where altruistic experts (the agents) care both about their income and the utility of consumers (the principals). Experts' preferences over income and their consumers' utility are convex, such...

Persistent link: https://www.econbiz.de/10012431181

Is marriage as good as a contract?

Cigno, Alessandro - 2013

Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect credit market. In the presence of credit rationing, efficiency and utility equalization are guaranteed only by a legally enforceable contract. Separate-property marriage may...

Persistent link: https://www.econbiz.de/10010227229

Non-aggression commitments and domestic violence margins

Benegas, Maurício; Carvalho Júnior, José Raimundo de … - In: Economics of transition and institutional change 30 (2022) 1, pp. 67-99

Persistent link: https://www.econbiz.de/10012795310

Optimal risk sharing with ex post private information : rules versus discretion

Dai, Chifeng - In: Southern economic journal 89 (2022) 1, pp. 160-184

Persistent link: https://www.econbiz.de/10013382431

Adverse selection, risk sharing and business cycles

Veracierto, Marcelo - 2014

I consider a real business cycle model in which agents have private information about an idiosyncratic shock to their value of leisure. I consider the mechanism design problem for this economy and describe a computational method to solve it. This is an important contribution of the paper since...

Persistent link: https://www.econbiz.de/10010424280

Aggregate dynamics in mirrlees economies : the case of persistent shocks

Veracierto, Marcelo - 2023

I consider a neoclassical growth model with endogenous labor supply in which agents have private information about their idiosyncratic value of leisure. A key assumption is that these shocks follow a persistent stochastic process over time. For this economy I solve the economy-wide mechanism...

Persistent link: https://www.econbiz.de/10014335940

Business cycle fluctuations in mirrlees economies : the case of i.i.d. shocks

Veracierto, Marcelo - 2020

I consider a real business cycle model in which agents have private information about the i.i.d. realizations of their value of leisure. For the case of logarithmic preferences I provide an analytical characterization of the solution to the associated mechanism design problem. Moreover, I show a...

Persistent link: https://www.econbiz.de/10012165274

Risk sharing, risk spreading and efficient regulation

Ramamohan Rao, T. V. S. - 2015

Persistent link: https://www.econbiz.de/10011377898

Long-term contracting : the role of private information in dynamic supply risk management

Gao, Long - In: Production and operations management : an international … 24 (2015) 10, pp. 1570-1579

Persistent link: https://www.econbiz.de/10011389216

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