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2014-09-05Buch DOI: 10.18452/4532
Optimal Sales Contractswith Withdrawal Rights
dc.contributor.authorKrähmer, Daniel
dc.contributor.authorStrausz, Roland
dc.date.accessioned2017-06-16T01:04:59Z
dc.date.available2017-06-16T01:04:59Z
dc.date.created2014-09-12
dc.date.issued2014-09-05
dc.date.submitted2014-09-05
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5184
dc.description.abstractWe introduce ex post participation constraints in the standard sequential screening model. This captures the presence of consumer withdrawal rights as, for instance, mandated by EU regulation of “distance sales contracts”. With such additional constraints, the optimal contract is static and, unlike with only ex ante participation constraints, does not elicit the agent’s information sequentially. With ex post participation constraints it is insufficient to consider only local incentive constraints. We develop a novel technique to identify the relevant global constraints.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectSequential screeningeng
dc.subjectdynamic mechanism designeng
dc.subjectparticipation constraintseng
dc.subjectMirrlees approacheng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleOptimal Sales Contractswith Withdrawal Rights
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100220236
dc.identifier.doihttp://dx.doi.org/10.18452/4532
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages43
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2014
local.edoc.container-issue45
local.edoc.container-year2014
local.edoc.container-erstkatid2195055-6

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