Information and Contracts

Arpad Abraham

Publications

• On the First Order Approach in Principal-Agent Models with Hidden Borrowing and Lending, Journal of Economic Theory, 2011, forthcoming, (with Nicola Pavoni and Sebastian Koehne).
• Endogenous Trading Constraints in Incomplete Asset Markets, Journal of Economic Theory, 2010, 145: 974-1004 (with Eva Carceles-Poveda).
• Eficient Allocations with Moral Hazard and Hidden Borrrowing and Lending: A recursive Formulation, Review of Economic Dynamics, 2008, 11: 781-803,(with Nicola Pavoni).
• Endogenous Incomplete Markets, Enforcement Constraints and Intermediation, Theoretical Economics, 2006, pp. 439-459. (with Eva Carceles-Poveda).
• The Efficient Allocation of Consumption under Moral Hazard and Hidden Access to the Credit Market., Journal of the European Economic Association, April-May 3(2-3): 370-381. (with Nicola Pavoni) 

Working Papers

• The Effect of Moral Hazard on Wage Inequality with On-the-Job Search and Employer Competition, 2013, joint with Susanne Forstner (IAAS, Stockholm) and Fernando Alvarez-Parra (CAF, Caracas)
• Limited Commitment and Hidden Storage, (with Sarolta Laczo), 2011.
• Optimal Income Taxation with Asset Accumulation , 2010, (with Nicola Pavoni and Sebastiam Koehne).
• Competitive Equilibria with Production and Limited Commitment , 2009, (with Eva Carceles-Poveda).
• Optimal Unemployment Insurance, Layoff-Risk and Hidden Wealth: A Case for Unemployment Accounts System (with Nicola Pavoni), work in progress.

Piero Gottardi

• “Value of Information in Competitive Economies with Incomplete Markets”  (with Rohit Rahi),  revised Aug. 2010, EUI and LSE Working Paper.
• “Bankruptcy: Is It Enough to Forgive or Must We Also Forget?”  (with Ronel Elul), revised Nov. 2010, EUI and FRB of Philadelphia Working Paper.
• "Markets and Contracts"   (with Alberto Bisin, John Geanakoplos, Enrico Minelli and Heraklis Polemarchakis), revised December 2010, forthcoming in the Journal of Mathematical Economics.
• "Decentralizing Efficient Allocations  in Economies with Adverse Selection: the General Case" (with Alberto Bisin), revised  Sept. 2010, EUI and NYU Working Paper.
• “Equilibrium Corporate Finance” (with Alberto Bisin and Guido Ruta), Dec. 2009, EUI Working Paper.
• “Flexible Contracts” (with Jean-Marc Tallon and Paolo Ghirardato), Sept. 2009, EUI and Univ.Paris Working Paper.
• “Markets for Information: Of Inefficient Firewalls and Efficient Monopolies” (with Antonio Cabrales), revised Oct. 2010, EUI and Univ.Carlos III Working Paper.
• “Comment on ‘Bertrand and Walras Equilibria under Moral Hazard’”, (with Belén Jerez), Journal of Political Economy 115 (October 2007) 893-900
• "Managerial Hedging and Portfolio Monitoring" (with Alberto Bisin and Adriano Rampini), revised  Dec. 2006, Journal of the European Economic Association 6 (March 2008) 158-209.
• "Efficient Competitive Equilibria with Adverse Selection"  (with Alberto Bisin),  revised  Jan. 2006, Journal of Political Economy  114 (June 2006) 485 - 516.  114 (June 2006), 485 - 516.  
• "Market Power and Information Revelation in Dynamic Trading" (with Roberto Serrano),  Journal of the European Economic Association 3 (December 2005) 1279-1317.