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| Author: | Arya, A. Glover, J. Rajan, U. |
| Title: | Implementation in principal-agent models of adverse selection |
| Journal: | Journal of Economic Theory
2000 : JUL, VOL. 93:1, p. 87-109 |
| Index terms: | Adverse selection Models |
| Language: | eng |
| Abstract: | This paper studies implementation in a principal-agent model of adverse selection. Explored are ways in which the additional structure of principal-agent models simplifies the implementation problem. There is a connection developed btw. single crossing property and monotonicity conditions which are necessary for Nash and Bayesian Nash implementation. This paper also constructs simple implementing mechanisms that rely on the single crossing property and on assumptions about the outcome set frequently made in the principal-agent literature. |
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