contracting. I characterize the buyer-optimal ex-ante information in such environments. Employing a classical sequential screening … profit. Further, I fully characterize all possible surplus divisions that can arise in sequential screening for a given prior. …

contracting. I characterize the buyer-optimal ex-ante information in such environments. Employing a classical sequential screening … profit. Further, I fully characterize all possible surplus divisions that can arise in sequential screening for a given prior. …

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 techniques are not applicable. Moreover, we identify the counterparts of well …

This paper studies the role of exchange policies as a price discrimination device in a sequential screening model with …

We consider a sequential screening problem where, in the contracting stage, the agent has private information on both … in the same direction as in sequential screening problems where only the expected value, or only the spread, is privately … principal’s preferences, reduces to familiar sequential screening mechanisms (Riordan and Sappington, 1987; Courty and Li, 2000 …

This paper studies the role of exchange policies as a price discrimination device in a sequential screening model with …