Analysis of a dynamic adverse selection model with asymptotic efficiency

DOI10.1287/MOOR.1120.0541MaRDI QIDQ2925340zbMATH OpenOpenAlexFDO

Authors Hao Zhang

Publication date 21 October 2014

Published in Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/moor.1120.0541

zbMATH Keywords

computational geometrydynamic adverse selectionMarkov decision processesprincipal-agent model

Mathematics Subject Classification ID

Combinatorial optimization (90C27) Dynamic programming (90C39) Markov and semi-Markov decision processes (90C40) Dynamic games (91A25)

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Cites work

• A Dynamic Principal-Agent Model with Hidden Information: Sequential Optimality Through Truthful State Revelation
• A recursive formulation for repeated agency with history dependence
• A simple status quo that ensures participation (with application to efficient bargaining)
• Computing Supergame Equilibria
• Dynamic contracting with persistent shocks
• Dynamic games with hidden actions and hidden states
• Dynamic mechanism design with hidden income and hidden actions
• Dynamic supplier contracts under asymmetric inventory information
• Multi-period contracts between principal and agent with adverse selection
• Numerical Methods for Delay Differential Equations
• Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

Cited in

(5)

• Solving an infinite horizon adverse selection model through finite policy graphs
• Trading dynamics with private buyer signals in the market for lemons
• Multiagent mechanism design without money
• Study of insurance contract model with cash deposit based on ex-ante asymmetric information
• Efficient Sorting in a Dynamic Adverse-Selection Model

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