Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059674 | Economics Letters | 2012 | 5 Pages |
Abstract
⺠We investigate optimal contract for experts with type-dependent reservation wage. ⺠We propose a contract that achieves the truthful reports with full surplus extraction. ⺠The contract is an affine form of some convex transformation of the ex-post error.
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Economics and Econometrics
Authors
Jooyong Jun, Kyoung-Soo Yoon,