Optimal contracts in a dynamic costly state verification model

DOI10.1007/S00199-004-0535-ZMaRDI QIDQ2572498zbMATH OpenOpenAlexFDO

Authors Cyril Monnet, Erwan Quintin

Publication date 10 November 2005

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp126.pdf

zbMATH Keywords

Costly state verificationDynamic contractsMonitoring.Theory of uncertainty and information

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Economic growth models (91B62)

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Cited in

(17)

• Bounding the benefits of stochastic auditing: The case of risk-neutral agents
• Optimal multilateral contracts
• Stochastic costly state verification and dynamic contracts
• Optimal contracts with random monitoring
• Dynamic contracts with random monitoring
• Investor protection and optimal contracts under risk aversion and costly state verification
• Optimal dynamic contracts with moral hazard and costly monitoring
• Do credit market shocks drive output fluctuations? Evidence from corporate spreads and defaults
• A characterization of verifiability and observability in contracts
• Optimal auditing and insurance in a dynamic model of tax compliance
• Optimal monitoring schedule in dynamic contracts
• Optimal multilateral contracts
• Relational enforcement
• The dynamic structure of optimal debt contracts
• Dynamic costly state verification
• The loan contract with costly state verification and subjective beliefs
• Costly monitoring, dynamic incentives, and default

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