نتیجه وجود کلی برای مشکل اصلی عامل با کژ گزینی
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|50313||2001||22 صفحه PDF||سفارش دهید||محاسبه نشده|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Journal of Mathematical Economics, Volume 35, Issue 1, February 2001, Pages 129–150
Considering adverse selection with a continuum of types, a general characterization of implementability in terms of h-convexity is provided. This enables to write the principal’s program as a variational problem with h-convexity constraint for which existence of a solution is proved. The class of models considered here is large since the dimension of the parameter may differ from that of the contract and no structural assumption of single-crossing type is required. In particular calculus of variations problems for which admissible functions are convex ones or convex solutions to multi-time Hamilton–Jacobi equations are particular cases of the problems studied below.