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econ.TH2026
Information for nothing and authority for free
Deniz Kattwinkel, Alexander Winter
A principal must decide whether to implement a project. She privately knows the cost, an agent privately knows the benefit. Monetary transfers are not available, and compared to th…
econ.TH2026
Competitive Sequential Screening
Ian Ball, Deniz Kattwinkel, Jan Knoepfle
We study competition between firms that contract with consumers before the consumers fully learn their product preferences. In a Hotelling duopoly, firms screen consumers by offeri…