Progressive screening: Long-Term contracting with a privately known stochastic process

Review of Economic Studies

Volumn 80, Issue 1, 2013, Pages 1-34

  Boleslavsky, Raphael ^a   Said, Maher ^b  

^a UNIVERSITY OF MIAMI   (United States)

^b WASHINGTON UNIVERSITY IN ST LOUIS   (United States)

Author keywords

Asymmetric information; Dynamic incentives; Dynamic mechanism design; Long term contracts; Sequential screening

Indexed keywords

ASYMMETRIC INFORMATION; ECONOMIC THEORY; INCENTIVE; MODELING; STOCHASTICITY;

EID: 84873574260     PISSN: 00346527     EISSN: 1467937X     Source Type: Journal    
DOI: 10.1093/restud/rds021     Document Type: Article

References (42)

1. ATHEY, S. and SEGAL, I. (2007a), "Designing Efficient Mechanisms for Dynamic Bilateral Trading Games", American Economic Review, 97, 131-13
2. ATHEY, S. and SEGAL, I. (2007b), "An Efficient Dynamic Mechanism", Unpublished manuscript, Harvard University
3. BARON, D.P. and BESANKO, D. (1984), "Regulation and Information in a Continuing Relationship", Information Economics and Policy, 1, 267-30
4. BATTAGLINI, M. (2005), "Long-Term Contracting with Markovian Consumers", American Economic Review, 95, 637-658
5. BERGEMANN, D. and SAID, M. (2011), "Dynamic Auctions", in J.J. Cochran, (ed.)Wiley Encyclopedia of Operations Research and Management Science, (New York:Wiley).
6. BERGEMANN, D. and VÄLIMÄKI, J. (2002), "Information Acquisition and Efficient Mechanism Design", Econometrica, 70, 1007-103
7. BERGEMANN, D. and VÄLIMÄKI, J. (2010), "The Dynamic Pivot Mechanism", Econometrica, 78, 771-78
8. BESANKO, D. (1985), "Multi-Period Contracts Between Principal and Agent with Adverse Selection", Economics Letters, 17, 33-3
9. BOARD, S. (2007), "Selling Options", Journal of Economic Theory, 136, 324-34
10. BOARD, S. and SKRZYPACZ, A. (2010), "Revenue Management with Forward-Looking Buyers", Unpublished manuscript, Stanford University.
11. COURTY, P. and LI, H. (2000), "Sequential Screening", Review of Economic Studies, 67, 697-71
12. DAI, C., LEWIS, T.R. and LOPOMO, G. (2006), "Delegating Management to Experts", RAND Journal of Economics, 37, 503-520
13. DEB, R. (2009), "Optimal Contracting of New Experience Goods", Unpublished manuscript, University of Toronto.
14. DEB, R. (2011), "Intertemporal Price Discrimination with Stochastic Values", Unpublished manuscript, University of Toronto.
15. Esö, P. and SZENTES, B. (2007), "Optimal Information Disclosure in Auctions and the Handicap Auction", Review of Economic Studies, 74, 705-731
16. GARRETT, D. (2011), "Durable Goods Sales with Dynamic Arrivals and Changing Values", Unpublished manuscript, Northwestern University.
17. GERSHKOV, A. and MOLDOVANU, B. (2009a), "Dynamic Revenue Maximization with Heterogeneous Objects: A Mechanism Design Approach", American Economic Journal: Microeconomics, 1, 168-198
18. GERSHKOV, A. and MOLDOVANU, B. (2009b), "Learning About the Future and Dynamic Efficiency", American Economic Review, 99, 1576-1587
19. GERSHKOV,A. andMOLDOVANU, B. (2010a), "Demand Uncertainty and DynamicAllocation with Strategic Agents", Unpublished manuscript, University of Bonn.
20. GERSHKOV, A. and MOLDOVANU, B. (2010b), "Efficient Sequential Assignment with Incomplete Information", Games and Economic Behavior, 68, 144-154
21. GERSHKOV, A. and SZENTES, B. (2009), "Optimal Voting Schemes with Costly Information Acquisition", Journal of Economic Theory, 144, 36-6
22. HARRIS, M. and RAVIV, A. (1981), "A Theory of Monopoly Pricing Schemes with Demand Uncertainty", American Economic Review, 71, 347-36
23. KAKADE, S.M., LOBEL, I. and NAZERZADEH, H. (2011), "Optimal Dynamic Mechanism Design and the Virtual Pivot Mechanism", Unpublished manuscript, Microsoft Research New England.
24. KENNAN, J. (2001), "Repeated Bargaining with Persistent Private Information", Review of Economic Studies, 68, 719-75
25. KRÄHMER, D. and STRAUSZ, R. (2011), "Optimal Procurement Contracts with Pre-Project Planning", Review of Economic Studies, 78, 1015-104
26. KURIBKO, N. and LEWIS, T.R. (2010), "Assigning Property Rights to Ensure Efficient Exchange and Investment", Unpublished manuscript, Duke University.
27. LOGINOVA, O. and TAYLOR, C.R. (2008), "Price Experimentation with Strategic Buyers", Review of Economic Design, 12, 165-18
28. MATTHEWS, S. and MOORE, J. (1987), "Monopoly Provision of Quality andWarranties: An Exploration in the Theory of Multidimensional Screening", Econometrica, 55, 441-46
29. MIERENDORFF, K. (2011), "Optimal Dynamic Mechanism Design with Deadlines", Unpublished manuscript, University of Zurich.
30. MILGROM, P. and SEGAL, I. (2002), "Envelope Theorems for Arbitrary Choice Sets", Econometrica, 70, 583-60
31. MIRAVETE, E.J. (2003), "Choosing the Wrong Calling Plan? Ignorance and Learning", American Economic Review, 93, 297-31
32. MIRRLEES, J.A. (1971), "An Exploration in the Theory of Optimum Income Taxation", Review of Economic Studies, 38, 175-20
33. MUSSA, M. and ROSEN, S. (1978), "Monopoly and Product Quality", Journal of Economic Theory, 18, 301-31
34. MYERSON, R.B. (1986), "Multistage Games with Communication", Econometrica, 54, 323-35
35. PAI, M.M. and VOHRA, R. (2011), "Optimal Dynamic Auctions and Simple Index Rules", Unpublished manuscript, University of Pennsylvania
36. PAVAN, A., SEGAL, I. and TOIKKA, J. (2011), "Dynamic Mechanism Design: Incentive Compatibility, Profit Maximization, and Information Disclosure", Unpublished manuscript, Massachusetts Institute of Technology.
37. RIORDAN, M.H. and SAPPINGTON, D.E. (1987a), "Awarding Monopoly Franchises," American Economic Review, 77, 375-38
38. RIORDAN, M.H. and SAPPINGTON, D.E. (1987b), "Information, Incentives, and Organizational Mode", Quarterly Journal of Economics, 102, 243-26
39. SAID, M. (2012), "Auctions with Dynamic Populations: Efficiency and Revenue Maximization", Journal of Economic Theory, forthcoming.
40. SHI, X. (2012), "Optimal Auctions with Information Acquisition", Games and Economic Behavior, 74, 666-68
41. VULCANO, G., van RYZIN, G. and MAGLARAS, C. (2002), "Optimal Dynamic Auctions for Revenue Management", Management Science, 48, 1388-140
42. WILSON, R.B. (1993), Nonlinear Pricing. (Oxford: Oxford University Press)