Showing 1 - 10 of 194
We consider truthful implementation of the socially efficient allocation in an independent private-value environment in …
Persistent link: https://www.econbiz.de/10014199987
We consider truthful implementation of the socially efficient allocation in an independent private-value environment in …
Persistent link: https://www.econbiz.de/10014215953
We study a dynamic buyer-seller problem in which the good is information and there are no property rights. The potential buyer is reluctant to pay for information whose value to him is uncertain, but the seller cannot credibly convey its value to the buyer without disclosing the information...
Persistent link: https://www.econbiz.de/10014199658
optimal. Importantly, the latter contract randomizes the low type buyer while giving a deterministic allocation to the high …
Persistent link: https://www.econbiz.de/10012962543
probability of receiving the good, independent of the signal. Conditional on the good being sold, the allocation discriminates in …
Persistent link: https://www.econbiz.de/10012949875
optimal. Importantly, the latter contract randomizes the low type buyer while giving a deterministic allocation to the high …
Persistent link: https://www.econbiz.de/10012954382
We study a linear interaction model with asymmetric information. We first characterize the linear Bayes Nash equilibrium for a class of one dimensional signals. It is then shown that this class of one dimensional signals provide a comprehensive description of the first and second moments of the...
Persistent link: https://www.econbiz.de/10012955894
the allocation of the low type buyer while giving a deterministic allocation to the high type. We also provide partial …
Persistent link: https://www.econbiz.de/10012916488
We characterize optimal selling protocols/equilibria of a game in which an Agent first puts hidden effort to acquire information and then transacts with a Firm that uses this information to take a decision. We determine the equilibrium payoffs that maximize incentives to acquire information. Our...
Persistent link: https://www.econbiz.de/10013124333
-post values. Importantly, the optimal sequential contract randomizes the allocation of the low type buyer while giving a … deterministic allocation to the high type. Finally, we provide additional results for the case of multiple interim types …
Persistent link: https://www.econbiz.de/10012866350