Dynamic screening

David Lagziel and Ehud Lehrer

Papers from arXiv.org

Abstract: We study dynamic screening problems where elements are subjected to noisy evaluations and, in every stage, some of the elements are rejected while the remaining ones are independently re-evaluated in subsequent stages. We prove that, ceteris paribus, the quality of a dynamic screening process is not monotonic in the number of stages. Specifically, we examine the accepted elements' values and show that adding a single stage to a screening process may produce inferior results, in terms of stochastic dominance, whereas increasing the number of stages substantially leads to a first-best outcome.

Date: 2022-04
New Economics Papers: this item is included in nep-gth and nep-mic
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http://arxiv.org/pdf/2204.13392 Latest version (application/pdf)

Related works:
Working Paper: DYNAMIC SCREENING (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2204.13392

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