Contractive Dual Methods for Incentive Problems

Several recent papers have proposed recursive Lagrangian-based methods for solving dynamic contracting problems. These methods give rise to Bellman operators that incorporate either a dual inf-sup or a saddle point operation. We give conditions that ensure the Bellman operator implied by a dual recursive formulation is contractive.

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Authors:	Messner, Matthias ; Pavoni, Nicola ; Sleet, Christopher
Institutions:	Carnegie Mellon University, Tepper School of Business

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Series:	GSIA Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2012-E26
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010555597