Optimal Contracts and Competitive Markets with Costly ...

u > 0, independent of the actual realization; this specification is pursued ...... "Decision and Organization," C. B. McGuire and R. Radner, eds., Amsterdam,.

2MB Sizes 0 Downloads 174 Views

Recommend Documents

Optimal Efficiency-Wage Contracts with Subjective ...
Cheng Wang, Ruqu Wang and seminar participants at Fudan, Indian Statistical Institute, Oregon. State, Shanghai Jiaotong, Tsinghua, UIBE, and the 2009 Canadian Economic Theory conference for comments. We also thank the editor and two anonymous referee

Optimal Interventions in Markets with Adverse Selection
part in a government program carries a stigma, and outside options are .... show that bailouts can be designed so as not to distort ex-ante lending incentives.

Competitive Problem Solving and the Optimal Prize ...
Feb 7, 2012 - as an incentive to induce the optimal risk$taking level which ... risky method, an agent with lower status quo technology uses the risky method.

Are Payday Lending Markets Competitive? - Cato Institute
payday loans at a lower price, or offer a different product with a price/characteristic mix .... a good metric of the loan markup when financing costs are the .... right now that test suggests a negative answer. ... phone survey mentioned in the pre-

Matching with Contracts
electricity supply contracts.1 Package bidding, in which .... Milgrom model of package bidding, we specify ... Our analysis of matching models emphasizes.

[PDF] Download Creating Competitive Markets: The ...
Politics of Regulatory Reform Full Page ... experts from academia, government, and the private sector evaluate more than a dozen efforts at market design.