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We study the classic sequential screening problem under ex-post participation constraints. Thus the seller is required to satisfy buyers' ex-post participation constraints. A leading example is the online display advertising market, in which publishers frequently cannot use up-front fees and...
Persistent link: https://www.econbiz.de/10012962543
We study the classic sequential screening problem under ex-post participation constraints. Thus the seller is required to satisfy buyers' ex-post participation constraints. A leading example is the online display advertising market, in which publishers frequently cannot use up-front fees and...
Persistent link: https://www.econbiz.de/10012954382
Persistent link: https://www.econbiz.de/10011647533
We study the classic sequential screening problem in the presence of ex-post participation constraints. We establish necessary and sufficient conditions that determine exhaustively when the optimal selling mechanism is either static or sequential. In the static contract, the buyers are not...
Persistent link: https://www.econbiz.de/10012866350
We study the classic sequential screening problem in the presence of ex post participation constraints. We establish necessary and sufficient conditions that determine when the optimal selling mechanism is either static or sequential. In the static contract, the buyers are not screened with...
Persistent link: https://www.econbiz.de/10012837749
Persistent link: https://www.econbiz.de/10011934404
Persistent link: https://www.econbiz.de/10012424328
We characterize revenue maximizing auctions when the bidders are intermediaries who wish to resell the good. The bidders have differential information about their common resale opportunities: each bidder privately observes an independent draw of a resale opportunity, and the highest signal is a...
Persistent link: https://www.econbiz.de/10012949875
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
Persistent link: https://www.econbiz.de/10003723143