The scope of sequential screening with ex post participation constraints

Dirk Bergemann, Francisco Castro and Gabriel Y. Weintraub

Journal of Economic Theory, 2020, vol. 188, issue C

Abstract: We study the classic sequential screening problem in the presence of ex post participation constraints. We establish necessary and sufficient conditions that determine when the optimal selling mechanism is either static or sequential. In the static contract, the buyers are not screened with respect to their interim type and the object is sold at a posted price. In the sequential contract, the buyers are screened with respect to their interim type and a menu of quantities is offered.

Keywords: Sequential screening; Ex post participation constraints; Static contract; Sequential contract (search for similar items in EconPapers)
JEL-codes: C72 D82 D83 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Related works:
Working Paper: The Scope of Sequential Screening with Ex-Post Participation Constraints (2020)
Working Paper: The Scope of Sequential Screening with Ex-Post Participation Constraints (2019)
Working Paper: The Scope of Sequential Screening with Ex-Post Participation Constraints (2018)
Working Paper: The Scope of Sequential Screening with Ex-Post Participation Constraints (2018)
Working Paper: The Scope of Sequential Screening with Ex-Post Participation Constraints (2017)
Working Paper: The Scope of Sequential Screening with Ex-Post Participation Constraints (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:188:y:2020:i:c:s0022053120300533

DOI: 10.1016/j.jet.2020.105055

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