Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78405
Authors: 
Schnedler, Wendelin
Year of Publication: 
2001
Series/Report no.: 
Bonn Econ Discussion Papers 18/2001
Abstract: 
A standard hidden information model is considered to study the influence of the a priori productivity distribution on the optimal contract. A priori more productive (hazard rate dominant) agents work less, enjoy lower rents, but generate a higher expected surplus.
Subjects: 
adverse selection
statistical discrimination
stochastic order relation
JEL: 
D82
J71
Document Type: 
Working Paper

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