Cuñat, Javier M. López - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1995
We study an adverse selection model, with a principal and several agents, wherecontracting is under asymmetric … depends only on the respective announced type.Under the standard hypotheses in the basic one-agent adverse selection model and … optimal mechmisiiis in the basic one-agent adverse selection model, in our model the optimal mechanism may ask very efficient …