Recursive Methods for Incentive Problems

B-Tier
Journal: Review of Economic Dynamics
Year: 2012
Volume: 15
Issue: 4
Pages: 501-525

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Many dynamic incentive problems have primal recursive formulations in which utility promises serve as state variables. We associate families of dual recursive problems with these by selectively dualizing constraints. We make transparent the connections between recursive primal and dual approaches, relate value iteration under each and give conditions for such value iteration to be convergent to the true value function. (Copyright: Elsevier)

Technical Details

RePEc Handle
repec:red:issued:12-24
Journal Field
Macro
Author Count
3
Added to Database
2026-01-26