From Bottom of the Barrel to Cream of the Crop: Sequential Screening With Positive Selection

S-Tier
Journal: Econometrica
Year: 2016
Volume: 84
Pages: 1291-1343

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

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

Abstract

In a number of interesting environments, dynamic screening involves positive selection: in contrast with Coasian dynamics, only the most motivated remain over time. The paper provides conditions under which the principal's commitment optimum is time consistent and uses this result to derive testable predictions under permanent or transient shocks. It also identifies environments in which time consistency does not hold despite positive selection, and yet simple equilibrium characterizations can be obtained.

Technical Details

RePEc Handle
repec:wly:emetrp:v:84:y:2016:i::p:1291-1343
Journal Field
General
Author Count
1
Added to Database
2026-01-29