We propose a simple model of optimal stopping where the economic environment changes as a result of learning. A primary application of our framework is the problem of how …
M Singer, C Gómez - para Chile, 2006 - politicaspublicas.uc.cl
La intermediación laboral es una de las maneras más efectivas de fomentar el empleo, pues reduce el descalce entre la oferta y demanda por mano de obra. En Chile, esta labor …
We analyse a simple model of dynamic moral hazard in which there is a clear and tractable trade-off between static and dynamic incentives. In our model, a principal wants an agent to …