Optimal Bunching Without Optimal Control

21 Pages Posted: 24 Aug 2005

See all articles by Georg Nöldeke

Georg Nöldeke

University of Basel; University of Basel

Larry Samuelson

Yale University - Department of Economics; Yale University - Cowles Foundation

Date Written: August 12, 2005

Abstract

This paper presents simple sufficient conditions under which optimal bunches in adverse-selection principal-agent problems can be characterized without using optimal control theory.

Keywords: Adverse selection, principal-agent model, optimal bunching

JEL Classification: D82

Suggested Citation

Nöldeke, Georg and Samuelson, Larry, Optimal Bunching Without Optimal Control (August 12, 2005). Available at SSRN: https://ssrn.com/abstract=785804 or http://dx.doi.org/10.2139/ssrn.785804

Georg Nöldeke (Contact Author)

University of Basel ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

HOME PAGE: http://sites.google.com/site/georgnoldeke/

University of Basel ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

HOME PAGE: http://sites.google.com/site/georgnoldeke/

Larry Samuelson

Yale University - Department of Economics ( email )

28 Hillhouse Ave
New Haven, CT 06520-8268
United States

Yale University - Cowles Foundation

Box 208281
New Haven, CT 06520-8281
United States

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