Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10011750048
Persistent link: https://www.econbiz.de/10012104412
Motivated by markets for ''expertise,'' we study a bandit model where a principal chooses between a safe and risky arm. A strategic agent controls the risky arm and privately knows whether its type is high or low. Irrespective of type, the agent wants to maximize duration of experimentation with...
Persistent link: https://www.econbiz.de/10013273779
Persistent link: https://www.econbiz.de/10011549261
We develop a dynamic adverse selection model where a career-concerned buy-side analyst advises a fund manager about investment decisions. The analyst's ability is privately known, as is any information she learns over time. The manager wants to elicit information to maximize fund performance...
Persistent link: https://www.econbiz.de/10012849367
Persistent link: https://www.econbiz.de/10013477612
We examine a model of dynamic screening and price discrimination in which the seller has limited commitment power. Two cohorts of anonymous, patient, and risk-neutral buyers arrive over two periods. Buyers in the first cohort arrive in period one, are privately informed about the distribution of...
Persistent link: https://www.econbiz.de/10014039106
Persistent link: https://www.econbiz.de/10013373137
We examine a model of long-term contracting in which the buyer is privately informed about the stochastic process by which her value for a good evolves. In addition, the realized values are also private information. We characterize a class of environments in which the profit-maximizing long-term...
Persistent link: https://www.econbiz.de/10014043776
Persistent link: https://www.econbiz.de/10009712483