Are two a good representative for many?
成果类型：
Article
署名作者：
Kerschbamer, R; Maderner, N
署名单位：
University of Vienna; Centre for Economic Policy Research - UK
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1997.2456
发表日期：
1998
页码：
90-104
关键词：
摘要：
This paper studies a discrete formulation of the screening model with type-dependent reservation utilities. II closes the pap between various pooling results derived in continuous-type models and the separating results obtained for the binary case. We show that binary models do not capture the most interesting features of general models with countervailing incentives. However, as soon as at least three types are introduced all interesting results of the continuum case can be replicated in a discrete framework. Two kinds of pooling can appear in the three-type model: overtake-pooling. which can be ruled out by standard monotonicity conditions; and crash-pooling, which is really a consequence of countervailing incentives. Journal of Economic Literature Classification Numbers: C72. D82, (C) 1998 Academic Press.
来源URL：