|
EconStor >
Max Planck Institute for Research on Collective Goods, Bonn >
Preprints of the Max Planck Institute for Research on Collective Goods >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/26910
|
| | |
| Title: | | Incentive provision with hidden characteristics: a unified approach  |
| Authors: | | Hellwig, Martin |
| Issue Date: | | 2006 |
| Series/Report no.: | | Preprints of the Max Planck Institute for Research on Collective Goods 2006,26 |
| Abstract: | | The paper develops a technique for studying incentive problems with unidimensional hidden characteristics. The technique supports a unified approach, which can be applied regardless of whether the type set is finite, the type distribution has a continuous density, or the type distribution has both, mass points and an atomless part. The proposition that optimal incentive schemes induce no distortion at the top and downward distortions below the top is confirmed for arbitrary type distributions. However, mass points are pooled with immediately neighbouring higher types. Between a mass point and immediately neighbouring lower types, there may have to be a discontinuity. |
| Subjects: | | Hidden Characteristics with General Type Distribu- tions Principal-Agent Problem Incentive Schemes |
| JEL: | | C61 D82 D86 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Preprints of the Max Planck Institute for Research on Collective Goods
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/26910
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|