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Keyword: recursive formulation;
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The issue of the nature of the altruism inherent in blood donation and the perverse effects of financial rewards for blood and/or organ donation has been recently revisited in the economic literature with limited consens...Read more...
Joan Costa Font, Mireia Jofre-Bonet and Steven T. Yen
20 July 2012
We obtain a recursive formulation for a general class of contracting problems involving incentive constraints. These constraints make the corresponding maximization (sup) problems non recursive. Our approach consists of ...Read more...
Albert Marcet and Ramon Marimon