Dynamic Relational Contracts with Consumption Constraints

either above or below the efficient level and that actions and the division of the surplus converges to a stationary solution at which either both investment levels are efficient or both are below the efficient level.

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Year of publication:	2008
Authors:	Worrall, Tim ; Thomas, Jonathan P
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2008 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2008 SED Meeting Papers Number 324
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011080958