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Tags
#aea #game-theory #hidden-information #microeconomics #static-bilateral-contracting
Question

Assume that buyer preferences are of the special type: u(q, T , θ) = θ i v(q) − T (Consumer Surplus),

v(q) is interpreted as [...] for q

with v 0 (q) > 0, v 00 (q) < 0

Answer
Willingness to Pay

Tags
#aea #game-theory #hidden-information #microeconomics #static-bilateral-contracting
Question

Assume that buyer preferences are of the special type: u(q, T , θ) = θ i v(q) − T (Consumer Surplus),

v(q) is interpreted as [...] for q

with v 0 (q) > 0, v 00 (q) < 0

Answer
?

Tags
#aea #game-theory #hidden-information #microeconomics #static-bilateral-contracting
Question

Assume that buyer preferences are of the special type: u(q, T , θ) = θ i v(q) − T (Consumer Surplus),

v(q) is interpreted as [...] for q

with v 0 (q) > 0, v 00 (q) < 0

Answer
Willingness to Pay
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Assume that buyer preferences are of the special type: u(q, T , θ) = θ i v(q) − T (Consumer Surplus), v(q) is interpreted as Willingness to Pay for q with v 0 (q) > 0, v 00 (q) < 0

Original toplevel document (pdf)

owner: titusf - (no access) - L1 Generalised static bilateral hidden info model.pdf, p6

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statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

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