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extended type (i.e. his exogenous private information along with the endogenous payoff-relevant decisions contracted upstream … offer a single mechanism; (ii) when the agent's strategy is Markov (i.e. it depends only on payoff-relevant information …
Persistent link: https://www.econbiz.de/10005824589
information spillovers impact the incentives that agents face when making their real economic decisions. On the positive front, we …
Persistent link: https://www.econbiz.de/10008610978
We study monopoly and duopoly pricing in a two-sided market with dispersed information about users' preferences. We … first show how the dispersion of information introduces idiosyncratic uncertainty about participation rates and how the …
Persistent link: https://www.econbiz.de/10010714009
We study monopoly and duopoly pricing in a two-sided market with dispersed information about users’ preferences. First …, we show how the dispersion of information introduces idiosyncratic uncertainty about participation rates and how the …
Persistent link: https://www.econbiz.de/10011165972
with time and is his private information. We show that, in general, the power of incentives (or "pay for performance") may …
Persistent link: https://www.econbiz.de/10011165973
We study centralized many-to-many matching in markets where agents have private information about (vertical …
Persistent link: https://www.econbiz.de/10011165974
We introduce new revelation mechanisms for simultaneous common agency games which, although they do not always permit a complete equilibrium characterization, do facilitate the characterization of the equilibrium outcomes that are typically of interest in applications. We then show how these...
Persistent link: https://www.econbiz.de/10008595857
stochastically over time and is the manager's private information. Our key positive result shows that the productivity level that the …
Persistent link: https://www.econbiz.de/10008597102
is the same irrespective of whether the shocks are the buyer’s private information or are observed also by the seller …
Persistent link: https://www.econbiz.de/10008597105
These notes examine the problem of how to extend envelope theorems to infinite-horizon dynamic mechanism design settings, with an application to the design of "bandit auctions."
Persistent link: https://www.econbiz.de/10008597106