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econ.TH2021
Costly Multidimensional Screening
Frank Yang
A screening instrument is costly if it is socially wasteful and productive otherwise. A principal screens an agent with multidimensional private information and quasilinear prefere…
econ.TH2021
Dynamic Pricing with Limited Commitment
Martino Banchio, Frank Yang
A monopolist wants to sell one item per period to a consumer with evolving and persistent private information. The seller sets a price each period depending on the history so far,…