A theory of dynamic contracting with financial constraints

DOI10.1016/J.JET.2021.105196MaRDI QIDQ2025005zbMATH OpenOpenAlexFDO

Authors Rohit Lamba, Ilia Krasikov

Publication date 11 May 2021

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://econpapers.repec.org/RePEc:red:sed017:1544

zbMATH Keywords

asymmetric informationdynamic mechanism designfinancial constraints

Mathematics Subject Classification ID

Mechanism design theory (91B03) Contract theory (moral hazard, adverse selection) (91B41)

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Cites work

• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• A recursive formulation for repeated agency with history dependence
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• Do firms want to borrow more? Testing credit constraints using a directed lending program
• Dynamic Security Design: Convergence to Continuous Time and Asset Pricing Implications
• Dynamic contracting under adverse selection and renegotiation
• Dynamic contracting with persistent shocks
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• Dynamic mechanism design: a Myersonian approach
• Efficient mechanisms for bilateral trading
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• On Repeated Moral Hazard with Discounting
• Optimal dynamic contracting: the first-order approach and beyond
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• Persistent private information
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• Repeated delegation
• Sequential screening
• Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

Cited in

(13)

• Contraction: On the decision-theoretical origins of minimal change and entrenchment
• Raising and allocation capital principles as optimal managerial contracts
• A dynamic model of soft budget-constraint
• Investment and financing decisions under optimal long-term contracting
• scientific article; zbMATH DE number 1984097 (Why is no real title available?)
• Optimal lending contracts with long run borrowing constraints
• Verifying the state of financing constraints: evidence from U.S. business credit contracts
• Dynamic contracting with persistent shocks
• Choices in contractivity theory
• Book Review: Contract theory in continuous-time models
• Financial Markets and Wages
• Dynamic financial constraints: distinguishing mechanism design from exogenously incomplete regimes
• Finance and economic growth in a dynamic game

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