Search Results - subject:"Multidimensional Screening"

Three-types models of multidimensional screening

Brighi, Luigi; D'Amato, Marcello - Dipartimento di Economia "Marco Biagi", Università … - 2005

This paper analyzes the variety of optimal screening contracts in a relatively simple multidimensional framework a` la Armstrong and Rochet (1999), when only three types of agents are present. It is shown, among other things, that the well known principle in optimal contract theory of `no...

Persistent link: https://www.econbiz.de/10008517824

Optimal Procurement When Both Price and Quality Matter

Asker, John; Cantillon, Estelle - C.E.P.R. Discussion Papers - 2005

A buyer seeks to procure a good characterized by its price and its quality from suppliers who have private information about their cost structure (fixed cost + marginal cost of providing quality). We solve for the optimal buying mechanism, i.e. the procedure that maximizes the buyer’s expected...

Persistent link: https://www.econbiz.de/10005123964

A Model of Grants Distribution: A Screening Approach

Basov, S.; Bardsley, P. - Econometric Society - 2004

In this paper we develop a formal model of the optimal financing of research projects, when the projects differ in both their success probability and the cost of undertaking. We show that in the benchmark case of publicly observable costs the first best can be achieved. If the costs are private...

Persistent link: https://www.econbiz.de/10005063679

A Didactic Example of Linear (Multidimensional) Screening Contracts

Renou, Ludovic - In: International Journal of Business and Economics 2 (2003) 3, pp. 245-261

This short paper proposes a didactic example on how to solve a multidimensional screening problem in the linear case … production costs and its technology, which are private information of the management. Thus shareholders face a (multidimensional …) screening problem. We completely characterize the optimal menus of contracts that shareholders offer. Notably, we show that …

Persistent link: https://www.econbiz.de/10010837235

Work Requirements and Income Maintenance Programs

Shapiro, Joel - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

This paper examines the role of work as an incentive device in income maintenance programs in different informational environments. To that end, we make both the income generating ability and the disutility of labor of individuals unobservable, and compare the resulting beneﬁt schedules with...

Persistent link: https://www.econbiz.de/10010547166

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