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Compensation plan for competing salespersons under asymmetric information

โœ Scribed by Lee, Chung-Yee; Yang, Ruina

Book ID
122781869
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
624 KB
Volume
227
Category
Article
ISSN
0377-2217

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๐Ÿ“œ SIMILAR VOLUMES

Indicator variables for optimal policy u
Indicator variables for optimal policy under asymmetric information
โœ Lars E.O. Svensson; Michael Woodford ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 402 KB

The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. The private sector is assumed to have more information than the policymaker. Certa