Existence in multidimensional screening with general nonlinear preferences

DOI10.1007/S00199-018-1170-4MaRDI QIDQ2323599zbMATH OpenOpenAlexWikidataFDO

Authors Kelvin Shuangjian Zhang

Publication date 3 September 2019

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1710.08549

zbMATH Keywords

adverse selectionbilevel optimizationincentive compatibilitynon-quasilinearityprincipal-agent problem

Mathematics Subject Classification ID

Duality theory (optimization) (49N15) Microeconomic theory (price theory and economic markets) (91B24)

Abstract: We generalize the approach of Carlier (2001) and provide an existence proof for the multidimensional screening problem with general nonlinear preferences. We first formulate the principal's problem as a maximization problem with $G$-convexity constraints and then use $G$-convex analysis to prove existence.

Recommendations

• Multidimensional screening.
• Multidimensional screening under nonlinear costs: limits of standard approach
• Hamiltonian approach to multi-dimensional screening
• Existence of solutions to principal-agent problems with adverse selection under minimal assumptions
• On the optimality of exclusion in multi-dimensional screening

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Cited in

(11)

• Multidimensional screening.
• Local Hölder regularity of solutions to generated Jacobian equations
• A necessary optimality condition in two-dimensional screening
• Existence of solutions to principal-agent problems with adverse selection under minimal assumptions
• Special issue: Optimal transportation, equilibrium, and applications to economics
• First and second derivative Hölder estimates for generated Jacobian equations
• On the optimality of exclusion in multi-dimensional screening
• When is multidimensional screening a convex program?
• Hamiltonian approach to multi-dimensional screening
• Convexity and multi-dimensional screening for spaces with different dimensions
• Multidimensional screening under nonlinear costs: limits of standard approach

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