From Bottom of the Barrel to Cream of the Crop: Sequential Screening with Positive Selection

Tirole, Jean (2016) From Bottom of the Barrel to Cream of the Crop: Sequential Screening with Positive Selection. TSE Working Paper, n. 16-672, Toulouse

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Official URL: http://tse-fr.eu/pub/30552

Abstract

In a number of interesting environments, dynamic screening involves positive selection: in contrast with Coasian dynamics, only the most motivated remain over time. The paper provides conditions under which the principal's commitment optimum is time consistent and uses this result to derive testable predictions under permanent or transient shocks. It also identifies environments in which time consistency does not hold despite positive selection, and yet simple equilibrium characterizations can be obtained.

Item Type: Monograph (Working Paper)
Language: English
Date: July 2016
Place of Publication: Toulouse
Uncontrolled Keywords: Repeated relationships, screening, positive selection, time consistency, shifting preferences, exit games
JEL codes: C72 - Noncooperative Games
D42 - Monopoly
D82 - Asymmetric and Private Information
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse 1 Capitole
Site: UT1
Date Deposited: 19 Jul 2016 13:42
Last Modified: 07 Mar 2018 13:23
OAI ID: oai:tse-fr.eu:30552
URI: http://publications.ut-capitole.fr/id/eprint/22218

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