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Multidimensional screening, affliation, and full separation
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Szalay, Dezsö and Blackorby, Charles (2007) Multidimensional screening, affliation, and full separation. Working Paper. [Coventry]: University of Warwick, Department of Economics. Warwick economic research papers (No.802).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
We solve a class of two-dimensional screening problems in which one
dimension has the standard features, while the other dimension is impossible to exaggerate and enters the agent's utility only through the message
but not the true type. Natural applications are procurement and regulation where the producer's ability to produce quality and his costs of
producing quantity are both unknown; or selling to a budget constrained
buyer. We show that under these assumptions, the orthogonal incentive constraints are necessary and sufficient for the full set of incentive
constraints. Provided that types are affiliated and all the conditional distributions of types have monotonic inverse hazard rates, the solution is
fully separating in both dimensions.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HA Statistics |
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Divisions: | Faculty of Social Sciences > Economics Other > Learning and Development Centre |
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Library of Congress Subject Headings (LCSH): | Procurement -- Mathematical models | ||||
Series Name: | Warwick economic research papers | ||||
Publisher: | University of Warwick, Department of Economics | ||||
Place of Publication: | [Coventry] | ||||
Official Date: | 6 June 2007 | ||||
Dates: |
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Number: | No.802 | ||||
Number of Pages: | 28 | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Description: | Working paper. |
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