Sequential versus Static Screening: an Equivalence Result
Daniel Krähmer and
Roland Strausz ()
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Daniel Krähmer: Bonn University
No 24, Rationality and Competition Discussion Paper Series from CRC TRR 190 Rationality and Competition
We show that every sequential screening model is equivalent to a standard text book static screening model. We use this result and apply well-established techniques from static screening to obtain solutions for classes of sequential screening models for which standard sequential screening techniques are not applicable. Moreover, we identify the counterparts of well-understood features of the static screening model in the corresponding sequential screening model such as the single-crossing condition and conditions that imply the optimality of deterministic schedules.
Keywords: Sequential screening; static screening; stochastic mechanisms (search for similar items in EconPapers)
JEL-codes: D82 H57 (search for similar items in EconPapers)
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Journal Article: Sequential versus static screening: An equivalence result (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:rco:dpaper:24
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