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Self-Selection Under Non-Ordered Valuations: Type-Splitting, Envy-Cycles, Rationing And Efficiency

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Author Info
Babu Nahata (Department of Economics, University of Louisville)
Serguei Kokovin (Department of Economics, Novosibirsk State University)
Evgeny Zhelobodko (Department of Economics, Novosibirsk State University)

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Abstract

We analyze self-selection problem when valuations are non-ordered. The corresponding package-pricing solution has specific graph structure. It is helpful in deriving weak su±cient conditions for both partial e±ciency and Pareto-e±ciency. Unlike the ordered valuations case, Pareto e±ciency is shown to be a non-pathological case. Pareto e±ciency and positive consumer surplus are mutually exclusive. Under costs separability optimal package-pricing scheme is shown implementable by small rewards. Counter-examples show that our assumptions are essential. In certain non-ordered situations, package-optimization setting with rations is more appropriate than the standard setting.

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Publisher Info
Paper provided by EconWPA in its series General Economics and Teaching with number 0307001.

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Length: 43 pages
Date of creation: 03 Jul 2003
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Handle: RePEc:wpa:wuwpgt:0307001

Note: Type of Document - Acrobat PDF; prepared on IBM PC ; to print on HP/PostScript; pages: 43
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Related research
Keywords: Principal-agent; self-selection; nonlinear pricing; package pricing; Pareto e±ciency; implementation; graph structure; envy cycles;

Find related papers by JEL classification:
D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

References listed on IDEAS
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  1. Guesnerie, Roger & Laffont, Jean-Jacques, 1984. "A complete solution to a class of principal-agent problems with an application to the control of a self-managed firm," Journal of Public Economics, Elsevier, vol. 25(3), pages 329-369, December. [Downloadable!] (restricted)
  2. Milgrom, Paul & Shannon, Chris, 1994. "Monotone Comparative Statics," Econometrica, Econometric Society, vol. 62(1), pages 157-80, January. [Downloadable!] (restricted)
    Other versions:
  3. Katz, Michael L, 1983. "Non-Uniform Pricing, Output and Welfare under Monopoly," Review of Economic Studies, Blackwell Publishing, vol. 50(1), pages 37-56, January. [Downloadable!] (restricted)
  4. Varian, Hal R., 1989. "Price discrimination," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 10, pages 597-654 Elsevier. [Downloadable!] (restricted)
  5. Guesnerie, Roger & Seade, Jesus, 1982. "Nonlinear pricing in a finite economy," Journal of Public Economics, Elsevier, vol. 17(2), pages 157-179, March. [Downloadable!] (restricted)
    Other versions:
  6. Babu Nahata & Serguei Kokovin & Evgeny Zhelobodko, 2003. "Package Sizes, Tariffs, Quantity Discount and Premium," General Economics and Teaching 0307002, EconWPA. [Downloadable!]
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