Incentive compatibility and differentiability: New results and classic applications

A-Tier
Journal: Journal of Economic Theory
Year: 2013
Volume: 148
Issue: 5
Pages: 1841-1861

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We provide several generalizations of Mailathʼs (1987) [9] result that in games of asymmetric information with a continuum of types incentive compatibility plus separation implies differentiability of the informed agentʼs strategy. The new results extend the theory to classic models in finance such as Leland and Pyle (1977) [8], Glosten (1989) [4], and DeMarzo and Duffie (1999) [3], that were not previously covered.

Technical Details

RePEc Handle
repec:eee:jetheo:v:148:y:2013:i:5:p:1841-1861
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25