期刊
JOURNAL OF ECONOMIC THEORY
卷 91, 期 2, 页码 223-247出版社
ACADEMIC PRESS INC
DOI: 10.1006/jeth.1999.2619
关键词
mechanism design; repeated agency
类别
We present general recursive methods to handle environments where privately observed variables are linked over time. We show that incentive compatible contracts are implemented recursively with a threat keeping constraint in addition to the usual temporary incentive compatibility and promise keeping conditions. Journal of Economic Literature Classification Numbers: D30, D31, D80, D82. (C) 2000 Academic Press.
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