Carrasco, Vinicius; Luz, Vitor Farinha; Monteiro, Paulo … - 2015 - First Version: June 2015
This note considers the problem of a principal (she) who faces a privately informed agent (he) and only knows one moment of the distribution from which his types are drawn. Payoffs are non-linear in the allocation and the principal maximizes her worst-case expected profits. We recast the robust...