A Negishi Approach to Recursive Contracts.
In this paper, we argue that a large class of recursive contracts can be studied by means of the conventional Negishi method. A planner is responsible for prescribing current actions along with a distribution of future utility values to all agents, so as to maximize their weighted sum of utilities....
| Published in: | Econometrica Vol. 90; no. 6; pp. 2821 - 2856 |
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| Main Authors: | , |
| Format: | Article |
| Published: |
Wiley-Blackwell
Nov2022
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |