Attar, Andrea; Mariotti, Thomas; Salanié, François - Centro di Studi Internazionali Sull'Economia e la … - 2011
Consider a seller of a divisible good, facing several identical buyers. The quality of the good may be low or high, and is the seller's private information. The seller has strictly convex preferences that satisfy a single-crossing property. Buyers compete by posting arbitrary menus of contracts....