Showing 1 - 10 of 12,604
Persistent link: https://www.econbiz.de/10012237193
Persistent link: https://www.econbiz.de/10012643572
We study optimal direct mechanisms for a credence goods expert who can be altruistic or spiteful. The expert has private information about her distributional preferences and possibly also about her customer's needs. We introduce a method that allows the customer to offer separate contracts to...
Persistent link: https://www.econbiz.de/10010193284
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical …
Persistent link: https://www.econbiz.de/10011610980
A principal hires an agent to learn about the cost of a project (experimentation) and then to execute it (production). The agent is privately informed about the probability that the cost is low, with the high-type agent being relatively more optimistic than the low type. The agent also engages...
Persistent link: https://www.econbiz.de/10014243695
Persistent link: https://www.econbiz.de/10003444339
Persistent link: https://www.econbiz.de/10003608153
Persistent link: https://www.econbiz.de/10003943454
Persistent link: https://www.econbiz.de/10002962479
Persistent link: https://www.econbiz.de/10012029755