Pavan, Alessandro (contributor) - 2007
analysis but is actually without loss of generality with a continuum of types. -- asymmetric information ; stochastic process … obtained in the literature that assumes a Markov process with a binary state space. e.g. Battaglini, 2005. I then show that ….ed with a continuum of types), then the dynamics of the optimal mechanism can be significantly simplified by assuming the …