Grouping Agents with Persistent Types

Malcomson, James M.

doi:10.2139/ssrn.4291728

Cited by 1 publication

(1 citation statement)

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“…Malcomson (2016) shows that this remains the case even if separation in some period leaves no interval of pooled types. For a somewhat more formal presentation, see Appendix C. Malcomson (2021a) characterizes the extent of separation of types for which first-best performance is not attainable if types are partitioned as finely as possible at each date. If the interval of types is sufficiently small for the given discount factor and performance cost function, no partitioning may be possible.…”

Section: Jim's Subsequent Researchmentioning

confidence: 99%

Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On

MacLeod,

Malcomson

2023

JITE

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Section: Jim's Subsequent Researchmentioning

confidence: 99%