Ironing Without Concavification
Fuente:
arXiv
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| Format: | Preprint |
| Veröffentlicht: |
2024
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| _version_ | 1866915744873185280 |
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| author | Tokarski, Filip |
| author_facet | Tokarski, Filip |
| contents | I propose a new approach to solving standard screening problems when the monotonicity constraint binds. A simple geometric argument shows that when virtual values are quasi-concave, the optimal allocation can be found by appropriately truncating the solution to the relaxed problem. I provide an algorithm for finding this optimal truncation when virtual values are concave. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2402_11881 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Ironing Without Concavification Tokarski, Filip Theoretical Economics I propose a new approach to solving standard screening problems when the monotonicity constraint binds. A simple geometric argument shows that when virtual values are quasi-concave, the optimal allocation can be found by appropriately truncating the solution to the relaxed problem. I provide an algorithm for finding this optimal truncation when virtual values are concave. |
| title | Ironing Without Concavification |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2402.11881 |