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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 Classification: | 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: | 02 Apr 2021 15:53 |
| OAI Identifier: | oai:tse-fr.eu:30552 |
| URI: | https://publications.ut-capitole.fr/id/eprint/22218 |
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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) [Currently Displayed]
