Screening for breakthroughs
研究在技术突破发生时间不确定且由代理人私下观察时,委托人如何通过控制物质分配来激励及时披露,发现最优机制具有截止日期结构,并应用于失业保险设计。
How best to incentivize prompt disclosure? We study this question in a general model in which a technological breakthrough occurs at an uncertain time and is privately observed by an agent, and a principal must incentivize disclosure via her control of a payoff‐relevant physical allocation. We uncover a deadline structure of optimal mechanisms: they have a simple deadline form in an important special case, and a graduated deadline structure in general. We apply our results to the design of unemployment insurance schemes.