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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
June 2011