A dual characterization of incentive efficiency.

We show that incentive efficient allocations in economies with adverse selection and moral hazard problems can be determined as optimal solutions to a linear programming problem and we use duality theory to obtain a complete characterization of the optima. Our dual analysis identifies welfare effect...

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Detalles Bibliográficos

Publicado en:	Journal of Economic Theory Vol. 112; no. 1; pp. 1 - 35
Autor principal:	Jerez, Belén
Formato:	Artículo
Publicado:	Academic Press Inc. September 2003
Materias:	Duality theory (Mathematics) Information theory in economics Linear programming Resource allocation > Mathematical models
Acceso en línea:	Ver este registro en EBSCOhost