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We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...
Persistent link: https://www.econbiz.de/10009366340
are better able to evaluate a project's risk than entrepreneurs. We study the bank's choice between screening and … collateralization in a model where banks do not have this superior screening skill. In particular, we study the effect of bank …
Persistent link: https://www.econbiz.de/10005187357
colleagues get more income net of production costs. Screening workers with equal productivity but different fairness concerns is …
Persistent link: https://www.econbiz.de/10005649802
-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of …
Persistent link: https://www.econbiz.de/10008513084