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  Incentive Problems with Unidimensional Hidden Characteristics: A Uni…fied Approach

Hellwig, M. (2006). Incentive Problems with Unidimensional Hidden Characteristics: A Uni…fied Approach.

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 Creators:
Hellwig, Martin1, Author              
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1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

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 Abstract: The paper develops a technique for studying incentive problems with unidimensional hidden characteristics in a way that is independent of whether the type set is …nite, the type distribution has a continuous density, or the type distribution has both mass points and an atomless part. By this technique, the proposition that optimal incentive schemes induce no distortion "at the top" and downward distortions "below the top" is extended to arbitrary type distributions. However, mass points in the interior of the type set require pooling with adjacent higher types and, unless there are other complications, a discontinuous jump in the transition from adjacent lower types.

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 Dates: 2006
 Publication Status: Published in print
 Pages: -
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2006/26
 Degree: -

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