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Screening with Network Externalities
Shi, Fanqi - 2020
known to the buyers. We model a monopoly's optimal pricing strategy to “screen” buyers' network information: their … – complete information pricing and uniform pricing – to shed light on the value of screening and the value of network in …
Persistent link: https://www.econbiz.de/10012850877
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Pricing heterogeneous goods under ex post private information
Herbst, Holger - 2015
differentiated goods, but have private information about their intensity of preferences. In the second period, each individual …
Persistent link: https://www.econbiz.de/10011430431
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Screening by mode of trade
Beccuti, Juan; Möller, Marc - 2019
This paper proposes a mechanism design approach, capable of endogenizing a monopolist's choice between selling and renting in a non-anonymous durable goods setting with short-term commitment. Allowing for mechanisms that determine the good’s allocation not only at the beginning but also at the...
Persistent link: https://www.econbiz.de/10012131973
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A model of quality uncertainty with a continuum of quality levels
Gertz, Christopher - 2014 - This version: September 3, 2014
which is correlated to the quality level and is her private information. We introduce a new concept for the consumer … reaction to the received information, encompassing rationality but also allowing for a certain degree of imperfection. We find … limit of perfect information, the market breaks down, a behavior completely opposed to the original perfect information case …
Persistent link: https://www.econbiz.de/10010403068
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Screening without Single Crossing
Kwak, Changhyun - 2023
This paper provides a sufficient condition under which a general screening problem can be reduced, without the principal’s payoff loss, to one with the single crossing property. The sufficient condition requires the agent’s types to be ordered in a way that two marginal rates of substitution...
Persistent link: https://www.econbiz.de/10014346954
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Screening with Externalities
Weber, Thomas A. - 2015
We consider a general screening model with payoff externalities and type-dependent feasibility constraints. The principal can design contract instruments of arbitrary dimension to influence each agent's valuation of the proposed transaction, which also depends on the anticipated choice of other...
Persistent link: https://www.econbiz.de/10012707951
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Optimal Multiattribute Screening
Weber, Thomas A. - 2016
We provide a technique for constructing optimal multiattribute screening contracts in a general setting with one-dimensional types based on necessary optimality conditions. Our approach allows for type-dependent participation constraints and arbitrary risk profiles. As an example we discuss...
Persistent link: https://www.econbiz.de/10012978605
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Screening and Adverse Selection in Frictional Markets
Lester, Benjamin R. - 2016
information with unrestricted contracts. We develop a methodology that allows for a sharp analytical characterization of the …
Persistent link: https://www.econbiz.de/10012995843
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Screening and Adverse Selection in Frictional Markets
Venkateswaran, Venky - 2017
We incorporate a search-theoretic model of imperfect competition into a standard model of asymmetric information with …
Persistent link: https://www.econbiz.de/10012945860
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Buyer Coalitions Against Monopolistic Screening : On the Role Of Asymetric Information Among Buyers
Jeon, Doh-Shin; Menicucci, Domenico - 2002
asymmetric information among buyers. We show that when a coalition of buyers is formed under asymmetric information, the … because of the transaction costs in coalition formation generated by asymmetric information …
Persistent link: https://www.econbiz.de/10014112806