Fiche du document
- handle: 10670/1.envkal
- halshs: halshs-03758833
- doi: 10.3982/TE3030
- WOS: 000831019400010
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.3982/TE3030
Mots-clés
Optimal control Nonsmooth optimization Convex analysis Type-dependent participation constraints Principal-agent models D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D82 - Asymmetric and Private Information • Mechanism Design D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D86 - Economics of Contract: TheorySujets proches
Examples Exemplars Optimization, Nonsmooth Nonsmooth analysis Funds Funding Economic theory Political economy Finance, commerce, confiscations, etc Methods of analysis Analysis and chemistry Analytical methods Chemical analysis Analysis methods Analysis and examinationCiter ce document
David Martimort et al., « Participation constraints in discontinuous adverse selection models », HAL-SHS : économie et finance, ID : 10.3982/TE3030
Métriques
Partage / Export
Résumé
We present a set of necessary and sufficient conditions for a class of optimal control problems with pure state constraints for which the objective function is linear in the state variable but the objective function is only required to be upper semicontinuous in the control variable. We apply those conditions to economic environments in contract theory where discontinuities in objectives prevail. Examples of applications include nonlinear pricing of digital goods and nonlinear pricing under competitive threat.