Showing 1 - 10 of 13
We show that every sequential screening model is equivalent to a standard text book static screening model. We use this result and apply well-established techniques from static screening to obtain solutions for classes of sequential screening models for which standard sequential screening...
Persistent link: https://www.econbiz.de/10011626592
Persistent link: https://www.econbiz.de/10011616671
Persistent link: https://www.econbiz.de/10011793713
Persistent link: https://www.econbiz.de/10011383947
This paper considers the canonical sequential screening model and shows that when the agent has an expost outside option, the principal does not benefit from eliciting the agent's information sequentially. Unlike in the standard model without expost outside options, the optimal contract is...
Persistent link: https://www.econbiz.de/10009381855
We introduce ex post participation constraints in the standard sequential screening model. This captures the presence of consumer withdrawal rights as, for instance, mandated by EU regulation of "distance sales contracts". With such additional constraints, the optimal contract is static and,...
Persistent link: https://www.econbiz.de/10010402944
Persistent link: https://www.econbiz.de/10011593594
Persistent link: https://www.econbiz.de/10011346134
This paper considers the canonical sequential screening model and shows that when the agent has an ex post outside option, the principal does not benefit from eliciting the agent's information sequentially. Unlike in the standard model without ex post outside options, the optimal contract is...
Persistent link: https://www.econbiz.de/10009359487
This paper considers the canonical sequential screening model and shows that when the agent has an expost outside option, the principal does not benefit from eliciting the agent’s information sequentially. Unlike in the standard model without expost outside options, the optimal contract...
Persistent link: https://www.econbiz.de/10011140990