Multidimensional Screening

Language: English

Published by Springer Berlin Heidelberg, Springer Berlin Heidelberg Okt 2010, 2010

3642062881 / 9783642062889

Series: Book 22 of 29 - Studies in Economic Theory

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This item is printed on demand - Print on Demand Titel. Neuware -In many industries the tariffs are not strictly proportional to the quantity purchased, i. e, they are nonlinear. Examples of nonlinear tariffs include railroad and electricity schedules and rental rates for durable goods and space. The major justification for the nonlinear pricing is the existence of private information on the side of consumers. In the early papers on the subject, private information was captured either by assuming a finite number of types (e. g. Adams and Yellen, 1976) or by a unidimensional continuum of types (Mussa and Rosen, 1978). Economics of the unidimen sional problems is by now well understood. The unidimensional models, however, do not cover all the situations of practical interest. Indeed, often the nonlinear tariffs specify the payment as a function of a variety of characteristics. For example, railroad tariffs spec ify charges based on weight, volume, and distance of each shipment. Dif ferent customers may value each of these characteristics differently, hence the customer's type will not in general be captured by a unidimensional characteristic and a problem of multidimensional screening arises. In such models the consumer's private information (her type) is captured by an m¿dimensional vector, while the good produced by the monopolist has n quality dimensions.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 216 pp. Englisch.

Seller Inventory # 9783642062889

Title
Multidimensional Screening
Author
Suren Basov
Publisher
Springer Berlin Heidelberg, Springer Berlin Heidelberg Okt 2010
Publication year
2010
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3642062881
ISBN 13
9783642062889
Item weight
335 grams
Dimensions
235x155x12 mm
Series
Book 22 of 29: Studies in Economic Theory

buchversandmimpf2000

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