Default and aggregate income

DOI10.1016/j.jet.2004.04.004zbMath1114.91084MaRDI QIDQ2485956

Adriano A. Rampini

Publication date: 5 August 2005

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

Full work available at URL: https://doi.org/10.1016/j.jet.2004.04.004

zbMATH Keywords

Asymmetric information; Default; Aggregate fluctuations; Optimal contracts

Mathematics Subject Classification ID

49N90: Applications of optimal control and differential games

91B64: Macroeconomic theory (monetary models, models of taxation)

91B62: Economic growth models

Cites Work

• Unnamed Item
• Unnamed Item
• Income fluctuation and asymmetric information: An example of a repeated principal-agent problem
• Bunching and second-order conditions: A note on optimal tax theory
• Optimal employment contracts with bankruptcy constraints
• Optimal contracts and competitive markets with costly state verification
• Monopoly and product quality
• Efficiency and equality in a simple model of efficient unemployment insurance
• Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
• Financial Intermediation and Delegated Monitoring
• Incentive-Compatible Debt Contracts: The One-Period Problem
• On Efficient Distribution with Private Information
• Debt Constrained Asset Markets
• Default and Punishment in General Equilibrium1
• Sufficient Conditions for the Optimal Control of Nonlinear Systems
• An Exploration in the Theory of Optimum Income Taxation
• State Constraints in Convex Control Problems of Bolza