Contract Theory
نویسنده
چکیده
2 Hidden Information, Screening 4 2.1 The Simple Economics of Adverse Selection . . . . . . . . . . . . . . . . . . 4 2.1.1 First-Best Outcome: Perfect Price Discrimination . . . . . . . . . . . 6 2.1.1.1 Comparison of type-specific contracts with each other . . . . 6 2.1.1.2 In case it’s been too long since you’ve last done a maximization problem . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2.1.1.3 Mas-Colell et al. [1995] . . . . . . . . . . . . . . . . . . . . . 8 2.1.1.4 Just what is the single crossing condition, exactly? . . . . . 10 2.1.2 Adverse Selection, Linear Pricing, and Simple Two-Part Tariffs . . . 10 2.1.2.1 Linear Pricing . . . . . . . . . . . . . . . . . . . . . . . . . 10 2.1.2.2 Single Two-Part Tariff . . . . . . . . . . . . . . . . . . . . . 12 2.1.2.3 Did you forget the envelope theorem? . . . . . . . . . . . . . 12 2.1.3 Second-Best Outcome: Optimal Nonlinear Pricing Algorithm . . . . . 14 2.1.3.1 Comparison with the First Best . . . . . . . . . . . . . . . . 17 2.2 Application: Credit Rationing . . . . . . . . . . . . . . . . . . . . . . . . . . 19
منابع مشابه
Modeling and Numerical Analysis of Revenue Sharing Contract Based on the Stackelberge Game Theory
Considered supply chain in this article consists of one vendor and multiple retailers where the vendor applies vendor managed inventory. Considering vendor as a leader and retailers as followers, Stackelberg game theory is applied for modeling and analyzing this system. A general mixed integer nonlinear model is developed which can optimizes the performance of the system under revenue sharing c...
متن کاملModelling and Experimental Testing of Asymmetric Information Problems in Lease and Hire Contracts (Based on Contract Theory)
This article aims to study lease and hiring contract in the Iranian-Islamic setting and analyze the asymmetric information problem in these contracts. For doing this, we study the characteristics of lease and hiring contracts in Iran (real world experimental characteristics that recognized in other studies), using library method, then we mathematically model different aspects of asymmetric info...
متن کاملتلاشی برای ساماندهی نظریۀ عدم نفوذ مراعی
This article tries to justify the theory of ineffectiveness of Mora’a [1] the purpose of the article is to explore the theory together with its justification and to introduce it as a legal rule. In the article we make clear the difference between ineffectiveness of Moghoof [2] and Mora’a in both legal and consequential aspects, and when the theory of ineffectiveness of Mora’a can be applied? ...
متن کاملماهیت حقوقی قراردادهای درمان
The contract of treatment is of great importance due to its relationship with two fields of medicine and law. Considering the fact that essentially the legal relationship between the health professionals and their patients is provided by the contract concluded between them and sometimes due to the ambiguity of laws and etc. the scope of their liability is disputed, firstly, determining the lega...
متن کاملIncentive Theory of the Third Sector of Economy (Non-Profit Organization)
Abstract This article aims to provide theoretical model for analyzing challenge of asymmetric information in the third sector of economy (which is the most important challenge, preventing the growth and development of third sector), using the theoretical foundation of contract theory and incentive theory with regard to the special characteristics of third sector derived by its special structur...
متن کاملThe Comparison of the effectiveness of Schein theory based counseling and training based on the approach of constructivism on the orientation of protean career orientation of contract employees
Background: In a world where the phenomenon of job loss is spreading rapidly, the desire to invest continuously in a protean career orientation which will lead to saving human, social and psychological capital, is essential. Objective: The purpose of the present study was to compare the effectiveness of Schein theory based counseling and constructivist counseling on the orientation of protean ...
متن کامل