Existence in Multidimensional Screening with General Nonlinear Preferences

• Tác giả: Kelvin Shuangjian Zhang
• Ngôn ngữ: eng
• Ký hiệu phân loại: 003.75 Nonlinear systems
• Thông tin xuất bản: 2017
• Bộ sưu tập: Metadata
• ID: 161615

Tóm tắt

 Comment: 18 pages. Keywords: Principal-agent problem
  Adverse selection
  Bi-level optimization
  Incentive-compatibility
  Non-quasilinearityWe generalize the approach of Carlier (2001) and provide an existence proof for the multidimensional screening problem with general nonlinear preferences. We first formulate the principal's problem as a maximization problem with $G$-convexity constraints and then use $G$-convex analysis to prove existence.