Resource title

The Virtue of Being Underestimated: A Note on Discriminatory Contracts in Hidden Information Models

Resource image

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Resource description

A standard hidden information model is considered to study the influence of the a priori productivity distribution on the optimal contract. A priori more productive (hazard rate dominant) agents work less, enjoy lower rents, but generate a higher expected surplus.

Resource author

Wendelin Schnedler

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/21200

Resource license

Adapt according to the presented license agreement and reference the original author.