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The seller of N distinct objects is uncertain about the buyer's valuation for those objects. The seller's problem, to maximize expected revenue, consists of maximizing a linear functional over a convex set of mechanisms. A solution to the seller's problem can always be found in an extreme point...
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We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand Stiglitz model where agents may differ with respect to theaccidental probability and their expenditure levels incase an accident occurs. We investigate the nature of dynamicinsurance...
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firms can prevent the entry of unprofitable customers by “screening”. Although, screening generally requires a higher price … the price. It also leads to a “sales trap” restricting the sales to the profitable segment to a fixed level. Screening …
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colleagues get more income net of production costs. Screening workers with equal productivity but different fairness concerns is …
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