May 26, 2011, 12:30–14:00
Toulouse
Room MS 003
Decision Mathematics Seminar
Abstract
Consider a Principal designing a menu of offers to screen the different types of a privately informed Agent. We show that the problem of finding the optimal menu may be analyzed as a complete information problem in which the Principal faces a representative consumer replicating the demands of the different types. We then provide several new results which hold in quite general classes of problems (such as private values, or quasilinear utilities, with multi-dimensional parameters