G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4538
DP4538 Growth Accelerations
Dani Rodrik; Ricardo Hausmann; Lant Pritchett
发表日期2004-08-23
出版年2004
语种英语
摘要A principal contracts with agents who have diverse abilities to forecast changes in their future tastes. While the principal knows that the agent?s tastes are changing, the agent believes that with probability ?, their future preferences will be identical to their present preferences. The principal does not observe ?, but knows the probability distribution from which it is drawn. Thus, the agent?s prior probability ? is their ?private type?, and the principal has to offer a menu of contracts in order to screen the agent?s type. We provide a full characterization of the principal?s optimal menu. The results allow us to interpret some real-life contractual arrangements in a variety of examples.
主题Industrial Organization
关键词Contracts Dynamic inconsistency Naivety Non-common priors
URLhttps://cepr.org/publications/dp4538
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/533478
推荐引用方式
GB/T 7714
Dani Rodrik,Ricardo Hausmann,Lant Pritchett. DP4538 Growth Accelerations. 2004.
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