Optimal contracts with contingent allocation
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DOI: 10.1016/j.econlet.2020.109202
Abstract: We study the contractual design problem of a seller that observes an ex-post signal correlated with the buyer’s valuation and can make the allocation, but not payments, contingent on it. We show that, to maximize… read more here.
Keywords: contingent allocation; allocation; optimal contracts; contracts contingent ... See more keywords