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Tirole, Jean
(2016)
From Bottom of the Barrel to Cream of the Crop: Sequential Screening with Positive Selection.
Econometrica, 84 (4).
pp. 1291-1343.
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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: | Article |
|---|---|
| Language: | English |
| Date: | July 2016 |
| Refereed: | Yes |
| Uncontrolled Keywords: | Repeated relationships, screening, positive selection, time consistency, shifting preferences, exit games |
| JEL Classification: | C72 - Noncooperative Games D42 - Monopoly D82 - Asymmetric and Private Information |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 05 Nov 2015 15:11 |
| Last Modified: | 02 Apr 2021 15:50 |
| OAI Identifier: | oai:tse-fr.eu:28754 |
| URI: | https://publications.ut-capitole.fr/id/eprint/18582 |
Available Versions of this Item
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From Bottom of the Barrel to Cream of the Crop: Sequential Screening with Positive Selection. (deposited 19 Jul 2016 13:42)
- From Bottom of the Barrel to Cream of the Crop: Sequential Screening with Positive Selection. (deposited 05 Nov 2015 15:11) [Currently Displayed]
