Recursive Contracts and Endogenously Incomplete Markets
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https://www.nber.org/papers/w22012
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资源简介：
In this chapter we study dynamic incentive models in which risk sharing is endogenously limited by the presence of informational or enforcement frictions. We comprehensively overview one of the most important tools for the analysis such problems the theory of recursive contracts. Recursive
提供机构：
美国国家经济研究局
创建时间：
2016-02-01
