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We present a model in which a principal delegates the choice of project to an agent with different preferences. The principal determines the set of projects from which the agent may choose. The principal can verify the characteristics of the project chosen by the agent, but does not know which...
Persistent link: https://www.econbiz.de/10008456365
Typically, work on mechanism design has assumed that all private information can be captured in a single scalar variable. This paper explores one way in which this assumption can be relaxed in the context of the multiproduct nonlinear pricing problem. It is shown that the firm will choose to...
Persistent link: https://www.econbiz.de/10005333077
Persistent link: https://www.econbiz.de/10005231842