Existence and monotonicity of optimal debt contracts in: Costly state verification models

Economics Bulletin

Volumn 7, Issue 1, 2003, Pages

  Renou, Ludovic ^a,b   Carlier, Guillaume ^c,d  

^a EUROPEAN UNIVERSITY INSTITUTE   (Italy)

^b UNIVERSITAT AUTÒNOMA DE BARCELONA   (Spain)

^c UNIVERSITÉ BORDEAUX 1   (France)

^d UNIVERSITÉ DE BORDEAUX   (France)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 22544461166     PISSN: None     EISSN: 15452921     Source Type: Journal    
DOI: None     Document Type: Article

References (10)

1. Carlier, G. (2003) "Extremal properties of comonotone pairs of random variable and applications" Mimeo, Université de Bordeaux.
2. Carlier, G., and R.A. Dana. (2002) "Rearrangement inequalities in non convex economic models" Cahier du Ceremade 0238.
3. Carlier, G., and R.A. Dana. (2003) "Existence and monotonicity of solutions to moral-hazard problems" Cahier du Ceremade 0323.
4. Carlier, G., and L, Renou. (2003) "A costly state verification model with diversity of opinions" Mimeo, Université de Bordeaux and European University institute.
5. Gale D., and M. Hellwig. (1985) "Incentive-Compatible Debt Contracts: The One-Period Problem" Review of Economics Studies, 52(4), 647-663.
6. Natanson, I.P. (1955) "Theory of functions of a real-variable," Frederick Ungar Publishing Co., New York.
7. Topkis, D.M. (1998) "Supermodularity and complementarity" Princeton University Press.
8. Townsend, R. (1979) "Optimal Contracts and Competitive Markets with Costly State Verification" Journal of Economic Theory, 21, 265-93.
9. Townsend, R. (1988) "Information Constrained Insurance: The Revelation Principle Extended" Journal of Monetary Economics, 21, 411-450.
10. Williamson, S.D. (1986) "Costly Monitoring, Financial Intermediation and Equilibrium Credit Rationing" Journal of Monetary Economics, 18(2), 159-179.