Bar-Isaac, Heski (contributor); Jewitt, Jan (contributor); … - 2007
because the em-
ployer’s best estimates – based on her private information – of worker second period produc-
tivity if … adverse selection at each realisation of the
disclosed statistic as the difference between the wage if there were no private … language of auction theory, the auctioneer discloses a combination of common and private valuations,
rather than, e.g., a …