English, Article, Journal or magazine article edition: The Virtue of Being Underestimated: A Note on Discriminatory Contracts in Hidden Information Models Wendelin Schnedler

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Bookmark: http://trove.nla.gov.au/version/52696
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Virtue of Being Underestimated: A Note on Discriminatory Contracts in Hidden Information Models
Author
  • Wendelin Schnedler
Physical Description
  • preprint
Notes
  • A standard hidden information model is considered to study the influence of the a priori productivity distribution on the optimal contract. A priori more productive (hazard rate dominant) agents work less, enjoy lower rents, but generate a higher expected surplus.
  • adverse selection, statistical discrimination, stochastic order relation
  • RePEc:bon:bonedp:bgse18_2001
Language
  • English
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