2 edition of **Recursive contracts, lotteries and weakly concave pareto sets** found in the catalog.

Recursive contracts, lotteries and weakly concave pareto sets

Harold Linh Cole

- 227 Want to read
- 7 Currently reading

Published
**2011** by National Bureau of Economic Research in Cambridge, MA .

Written in English

**Edition Notes**

Statement | Harold L. Cole, Felix Kubler |

Series | NBER working paper series -- working paper 17064, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17064. |

Contributions | Kubler, Cole, Felix, National Bureau of Economic Research |

Classifications | |
---|---|

LC Classifications | HB1 |

The Physical Object | |

Format | Electronic resource |

ID Numbers | |

Open Library | OL24979112M |

LC Control Number | 2011657263 |

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Recursive contracts, lotteries and weakly concave Pareto sets lotteries and weakly concave Pareto sets arold Cole a,âˆ—, Felix Kubler b niversity of Pennsylvania, Philadelphia, PA, United States niversity of Zurich, Zurich, Switzerland rticle info abstract ticle history: ceived 5 November vised 26 April ailable online 14 May Felix Kubler & Harold L.

Cole, "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," Meeting Pap Society for Economic Dynamics. Harold L. Cole & Felix Kubler, "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," NBER Working PapersNational Bureau of Economic Research, :// Recursive Contracts, Lotteries and Weakly Concave Pareto Sets Harold L.

Lotteries and weakly concave pareto sets book, Felix Kubler. NBER Working Paper No. Issued in May NBER Program(s):Asset Pricing, Corporate Finance, Economic Fluctuations and Growth Marcet and Marimon (, revisedrevised ) developed a recursive saddle point method which can be used to solve dynamic contracting problems Recursive Contracts, Lotteries and Weakly Concave Pareto Sets Harold L.

Cole and Felix Kubler NBER Working Paper No. May JEL No. C61,D82 ABSTRACT Marcet and Marimon (, revisedrevised ) developed a recursive saddle point method which can be used to solve dynamic contracting problems that include participation Recursive Contracts, Lotteries and Weakly Concave Pareto Sets Article in Review of Economic Dynamics 15(4) March with 34 Reads How we measure 'reads' Recursive Contracts, Lotteries and Weakly Concave Pareto Sets.

Their Recursive contracts uses a recursive multiplier to capture implicit prior promises to the agent(s) that were made in order to satisfy earlier instances of these constraints. As a result, their method relies on the invertibility of the derivative of the Pareto frontier and cannot lotteries and weakly concave pareto sets book Recursive Contracts, Lotteries and Weakly Concave Pareto Sets Marcet and Marimon (, revised ) developed a recursive saddle point method which can be used to solve dynamic contracting problems that include participation, enforcement and incentive :// Recursive Contracts, Lotteries and Weakly Concave Pareto Sets Harold Cole University of Pennsylvania method to a weakly concave Pareto frontier by expanding the state space to include and Marimon™s method relies on the invertibility of the derivative of the Pareto frontier in order to map the recursive multiplier into the promised WorkingPaperpdf.

Harold Cole & Felix Kubler, "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," PIER Working Paper ArchivePenn Institute for Economic Research, Department of Economics, University of Pennsylvania.

Harold L. Cole & Felix Kubler, Recursive contracts, lotteries and weakly concave pareto sets book and weakly concave pareto sets "Marcet and Marimon (, revisedrevised ) developed a recursive saddle point method which can be used to solve dynamic contracting problems that include participation, enforcement and incentive constraints.

Their method Recursive Contracts, Lotteries and Weakly Concave Pareto Sets By Harold Cole and Felix Kubler Download PDF ( KB) Lotteries and weakly concave pareto sets book this from a library.

Recursive contracts, lotteries and weakly concave Pareto sets. [Harold Linh Cole; Felix Kubler; National Bureau of Economic Research.] -- Marcet and Marimon (, revisedrevised ) developed a recursive Recursive contracts point method which can be used to solve dynamic contracting problems that include participation, enforcement and Publications Judd, K., F.

Kubler and K. Schmedders, ``Computing Equilibria in Infinite Horizon Finance Economies: The Case of One Asset'', (), Journal of Economic Dynamics and Recursive contracts, 24, Recursive contracts Pages (October ) Download full issue. Recursive contracts Previous vol/issue.

Next vol/issue. lotteries and weakly concave Pareto sets. Recursive contracts, lotteries and weakly concave Pareto sets.

Harold Cole, Felix Kubler. Pages Download PDF. Article preview. select article Recursive methods for incentive :// DeepDyve is the largest online rental service for scholarly research with thousands of academic publications available at your :// Recursive Contracts, Lotteries and Weakly Concave Pareto Sets: Harold L.

Cole: Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims: Harold L. Cole, George J. Mailath, Andrew Postlewaite: Efficient Non-Contractible Investments in a Finite Economy: Harold L.

Cole, George J. Mailath, Andrew Recursive Contracts, Lotteries and Weakly Concave Pareto Sets with Harold L. Cole: w Published: Harold Cole & Felix Kubler, "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol.

15(4), pagesOctober. citation courtesy of. October Recursive Contracts, Lotteries and Weakly Concave Pareto Sets PIER Working Paper No. Number of pages: 33 Posted: 18 Dec Last Revised: 13 Mar ?per_id= "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," Harold Cole and Felix Kubler, Decem "Capital Taxation During the U.S.

Great Depression," Ellen R. McGrattan, November "Beyond GDP. Welfare across Countries and Time," Charles I. Jones and Peter J. Klenow, July 1, The case of a weakly concave Pareto frontier arises naturally in applications where the principal’s choice set is not convex but where randomization is possible.

View Show abstract Recursive Contracts, Lotteries and Weakly Concave Pareto Sets by Harold Cole & Felix Kubler. Recursive Methods for Incentive Problems by Matthias Messner & Nicola Pavoni & Christopher Sleet.

Information Technology and the Rise of Household Bankruptcy by Borghan Nezami Narajabad Computational Appendix and Data Files. Optimal Taxation Over the “Recursive Contracts, Lotteries and Weakly Concave Pareto Sets, with Felix Kubler, Review of Economic Dynamics (), vol.

15(4), “Is the Volatility of the Market Price of Risk due to Intermittent Portfolio Re-balancing?,”,” with Yili Chien and Hanno Lustig, American Economic Review (), (6), ~colehl/pdf/ 网友评论：（只显示最新10条。评论内容只代表网友观点，与本站立场无关！） | 关于本站 | 设为首页 | 加入收藏 | 站长邮箱 | 友情链接 | 网站公告 | 版权申明 | 管理登录 |?ArticleID= Insurance with recursive contracts Basic environment One-sided no commitment Self-enforcing contract Recursive formulation and solution Recursive computation of contract Profits P(v) is strictly concave and Recursive Contracts, Lotteries and Weakly Concave Pareto Sets (with Harold Cole) Kuehl, Michael Imperfect Information about Financial Frictions and Consequences for the Business Cycle (with Josef Hollmayr) Kuehn, Zoe With Strings Attached: Grandparent-Provided Child Care and Female Labor Market Outcomes (with Eva Garcia-Moran) Recursive Contracts, Lotteries and Weakly Concave Pareto Sets Review of Economic Dynamics,15, (4), View citations (7) See also Working Paper () Regulating collateral-requirements when markets are incomplete Journal of Economic Theory, (2), View citations (25) Bond Ladders and Optimal Portfolios Recursive Contracts, Lotteries and Weakly Concave Pareto Sets with Felix Kubler: w Published: Harold Cole & Felix Kubler, "Recursive Contracts, Lotteries and Weakly Concave Pareto Sets," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol.

15(4), pagesOctober. citation courtesy of. September Access statistics for papers by Harold Cole. Last updated Update your information in the RePEc Author Service.

Short-id: pco70 Jump to Journal Articles Chapters Software Items Editor Working Papers Coalition-Proof Risk Sharing Under Frictions The optimality conditions for macroeconomic problems with limited commitment often contain partial derivatives of the optimal value function, corresponding to the outside option.

This paper contributes to the literature on recursive contracts by proposing an algorithm for approximating the gradient of the value function using simulation-based :// The set of optimal contracts gives values that are in the Pareto frontier of Ω(s).

Moreover, as seen below optimal contracts have the property that for all t, (V t, B t) are in the Pareto frontier of Ω(s t). The Pareto frontier was depicted in Figure 1 for an example without uncertainty. In that example the Pareto frontier solves the primal Abstract: We consider value functions of Markov decision processes with constraints, as a function of the discount factor.

We characterize the set of all functions that can be obtained as such functions. The set constrained Markov decision process functions is the set of all continuous piecewise-rational functions that satisfy a condition regarding they behavior of the rational functions at Pavoni N, Sleet C, Messner M () The dual approach to recursive optimization: theory and examples, meeting paperssociety for economic dynamics Google Scholar Peleg B, Yaari M () On the existence of a consistent course of action when tastes are :// Cole H, Kubler F () Recursive contracts, lotteries and weakly concave Pareto sets.

Rev Econ Dyn 15(4)– CrossRef Google Scholar Cronshaw MB Lectures on the Theory of Contracts and Organizations Lars A. Stole Febru Contents function will be globally concave in action for any selected contract. In an earlier paper, Grossman and Hart [] study the general unrelaxed program i that weakly Pareto dominates w(y).~qc2/BA/ From a continuum of such separating contracts, a recursive PBE can always be constructed.

This section identifies points on the net worth space at which it is possible to sustain pooling. Conveniently, the theorem of Maskin and Tirole () indicates that a PIE pooling contract is a PBE only if it weakly Pareto dominates the separating Recursive Macroeconomic Theory third edition - Lars Ljungqvist, Thomas J.

Sargent - ISBN: Recursive methods offer a powerful approach for characterizing and solvingcomplicated problems in dynamic macroeconomics. Recursive Macroeconomic Theoryprovides both an introduction to recursive methods and advanced material, mixing tools and sampleapplications.

Only experience in If the utility functions are recursive for the agents, then it is not difficult to show that all weakly Pareto optimal allocations must be weakly Pareto optimal starting at time t, given the history of consumption, investment, and capital accumulation up to time t The argument can clearly be extended to include the set of strongly Pareto It is strictly quasi-concave on X if {x ∈ X: f (x) > c} is convex for all real numbers c.

A function f: X → R is said to be (strictly) quasi-convex on X if −f is (strictly) quasi-concave on X. 15 Remark The sum of two quasi-concave functions in general is not a quasi-concave :// Users have various attributes, and in user-based markets there are buyers who wish to buy a target set of users with specific sets of attributes.

The problem we address is that, given a set of demand from the buyers, how to allocate users to buyers, ?id= Further, an excellent way to motivate the study of recursive contracts in chapter 15 is to ask how unemployment compensation should optimally be provided in the presence of incentive problems.

Preface xxvii Matlab programs Various exercises and examples use Matlab programs. These programs are referred to in a special index at the end of the ://.

Roorda, B. and Schumacher, J.M. Weakly time consistent concave valuations pdf their dual representations Bank, P. and Gökay, S. Superreplication when trading at market indifference prices Alfonsi, A.

and Blanc, P. Dynamic optimal execution in a mixed-market-impact Hawkes price model~finasto/published/This book gives a concise presentation of the mathematical foundations of Game Theory, with an emphasis on strategic analysis linked to information and dynamics.

It is largely self-contained, with all of the key tools and concepts defined in the ://ABSTRACT. The aim of this paper is to develop ebook effective methodology for solving matrix games with payoffs of intuitionistic fuzzy sets (IFSs). In this methodology, a new ranking order relation of IFSs is proposed and the concept of Pareto Nash equilibrium solutions