Danau, Daniel; Vinella, Annalisa - Centre de Recherche en Économie et Management (CREM) - 2015
We consider a sequential screening problem where, in the contracting stage, the agent has private information on both … in the same direction as in sequential screening problems where only the expected value, or only the spread, is privately … principal’s preferences, reduces to familiar sequential screening mechanisms (Riordan and Sappington, 1987; Courty and Li, 2000 …