Jeffrey M Lacker
Biographic Data
| ID | 5868404 |
|---|---|
| NAME | Jeffrey M Lacker |
| GIVEN NAMES | Jeffrey M |
| FAMILY NAME | Lacker |
| SIGNATURE | LACKER J M |
| ORCID | 0000-0002-6368-9226 |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 6 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1989 |
| LATEST PUBLICATION YEAR | 1989 |
| H-INDEX | 1 |
Optimal Contracts under Costly State Falsification
We examine an exchange economy with two agents: one risk neutral with a certain endowment and a second risk averse with a random endowment. The realization of the endowment is public but can be falsified by the second agent at a cost. For a broad class of falsification cost functions the optimal no-falsification contract is noncontingent on a left-hand interval and strictly increasing with a slope strictly less than one on a right-hand interval. …
Optimal Contracts under Costly State Falsification
We examine an exchange economy with two agents: one risk neutral with a certain endowment and a second risk averse with a random endowment. The realization of the endowment is public but can be falsified by the second agent at a cost. For a broad class of falsification cost functions the optimal no-falsification contract is noncontingent on a left-hand interval and strictly increasing with a slope strictly less than one on a right-hand interval. …
Optimal Contracts under Costly State Falsification
We examine an exchange economy with two agents: one risk neutral with a certain endowment and a second risk averse with a random endowment. The realization of the endowment is public but can be falsified by the second agent at a cost. For a broad class of falsification cost functions the optimal no-falsification contract is noncontingent on a left-hand interval and strictly increasing with a slope strictly less than one on a right-hand interval. …
Algorithm (1 work) · Banking stability, regulation, efficiency (1 work) · Computer Science (1 work) · Economic theories and models (1 work) · Economics (1 work) · Law, Economics, and Judicial Systems (1 work) · Mathematical economics (1 work) · Microeconomics (1 work) · State (computer science (1 work)