Sentence examples for menu of contracts from inspiring English sources

We also derive structural properties of the optimal menu of contracts.

Using the standard second-degree price discrimination model, the optimal menu of contracts is characterized.

In the second part, the case where the service provider offers a menu of contracts is considered.

They sell the same products to the retailer, and each supplier offers the retailer a menu of contracts.

In contrast, the two-part tariff format performs well relative to the theoretically optimal "menu of contracts".

We show that the optimal mechanism is a menu of contracts that can be implemented as a nonlinear pricing scheme.

If the agent's preference relation satisfies a strict monotonicity condition in common agency under the asymmetric information, the set of all equilibrium allocations in the menu game where menus of contracts are allowed coincides with the set of all equilibrium allocations in the single contract game where only single contracts are allowed.

We first show that when contracting is private, i.e. when downstream principals do not observe the mechanisms offered upstream and the decisions taken in these mechanisms, all PBE outcomes can be characterized through pure-strategy profiles in which the principals offer menus of contracts and delegate to the agent the choice of the contractual terms.

Many other papers have abandoned the Nash equilibrium notion in order to formulate predictions in a model where insurers are allowed to offer menus of contracts.

To reduce informational rents to landowners, conservation agents can take three approaches: (1) acquire information on observable landowner attributes that are correlated with compliance costs; (2) offer landowners a menu of screening contracts; and (3) allocate contracts through procurement auctions.

Invoking the revelation principle (Myerson 1979), we restrict our analysis to truth-telling contracts in which each farmer chooses to announce his true type by selecting the contract for his type from the menu of two contracts offered by the buyer.