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arXiv 1902.06552math.OCecon.TH
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最小假设下具有逆向选择的委托代理问题解的存在性

Existence of solutions to principal-agent problems with adverse selection under minimal assumptions

Guillaume Carlier, Kelvin Shuangjian Zhang

摘要:

在偏好和分配空间的一般假设下,证明了具有逆向选择的委托代理问题的一个存在性结果。而不是假设的分配空间是有限维或紧凑的,我们考虑一个更一般的约束条件,考虑到委托人的成本和代理人的偏好。我们的存在性证明是简单和灵活的,足以适应部分参与模型,以及类型依赖的预算约束的情况下。

英文摘要:

We prove an existence result for the principal-agent problem with adverse selection under general assumptions on preferences and allocation spaces. Instead of assuming that the allocation space is finite-dimensional or compact, we consider a more general coercivity condition which takes into account the principal's cost and the agents' preferences. Our existence proof is simple and flexible enough to adapt to partial participation models as well as to the case of type-dependent budget constraints.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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