Document Summary

Report ID:	05-05-01
Initial Submission Date:	2005-05-17
Title:	Screening with Externalities
Summary:	We consider a general screening model with payoff externalities. The principal can design contract instruments of arbitrary dimension to influence each agent?s valuation of the proposed transaction, which also depends on the anticipated choice of other agents. In the absence of the standard supermodularity or single-crossing assumptions, we characterize the class of all implementable menus and provide necessary optimality conditions.
Authors:	Weber, Thomas
Contact email:	webert@stanford.edu
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