Showing 1 - 10 of 10,599
Persistent link: https://www.econbiz.de/10011304930
Sender conveys scarce information to a number of receivers to maximize the sum of receiver payoffs. Each receiver's payoff depends on the state of the world and an action she takes. The optimal action is state contingent. Under mild regularity conditions, we show that the payoff of each receiver...
Persistent link: https://www.econbiz.de/10013172145
Persistent link: https://www.econbiz.de/10003386561
Persistent link: https://www.econbiz.de/10001743531
Persistent link: https://www.econbiz.de/10003759597
Persistent link: https://www.econbiz.de/10003872516
Persistent link: https://www.econbiz.de/10003936704
This paper examines optimal redistribution in a model with high- and low-skilled individuals with heterogeneous tastes for labor. We compare the extent to which optimal policies based on different normative criteria obey the principles of compensation (for differential skills) and responsibility...
Persistent link: https://www.econbiz.de/10003949079
Persistent link: https://www.econbiz.de/10003996949
Persistent link: https://www.econbiz.de/10003676542