Recursive contracts
A Marcet, R Marimon - 2011 - eprints.lse.ac.uk
We obtain a recursive formulation for a general class of contracting problems involving
incentive constraints. These constraints make the corresponding maximization (sup) …
incentive constraints. These constraints make the corresponding maximization (sup) …
Recursive methods for incentive problems
Many dynamic incentive problems have a primal recursive formulation in which utility
promises serve as state variables. We associate dual recursive formulations with these …
promises serve as state variables. We associate dual recursive formulations with these …
Applying perturbation analysis to dynamic optimal tax problems
C Brendon - 2011 - ora.ox.ac.uk
This paper shows how to derive a complete set of optimality conditions characterising the
solution to a dynamic optimal income tax problem in the spirit of Mirrlees (1971), under the …
solution to a dynamic optimal income tax problem in the spirit of Mirrlees (1971), under the …
[PDF][PDF] CEP Discussion Paper No 1055 June 2011 Recursive Contracts Albert Marcet and Ramon Marimon
A Marcet - 2011 - cep.lse.ac.uk
We obtain a recursive formulation for a general class of contracting problems involving
incentive constraints. These constraints make the corresponding maximization (sup) …
incentive constraints. These constraints make the corresponding maximization (sup) …
Essays in normative macroeconomics
C Brendon - 2011 - ora.ox.ac.uk
This thesis is divided into two main parts. The first provides a novel analysis of dynamic
optimal taxation under the assumption that individuals in an economy have …
optimal taxation under the assumption that individuals in an economy have …