GRIPS 政策研究センター Policy Research Center

客員研究員

2012/3/21 Report No:11-27

A Numerical Approach to the Contract Theory: the Case of Adverse Selection

著者
  • 橋本 日出男大阪大学
  • 濱田 弘潤新潟大学経済学部
  • 細江 宣裕政策研究大学院大学
分野 経済学
言語 英語
要旨

By building and solving numerical models of the parts supply problems (an example of the adverse selection problems), and analyzing various issues of the contract theory, we demonstrate the benefits of the numerical approach. First, this approach facilitates the understanding of the contract theory by beginners, who find it difficult to comprehend the theoretical and general models. Second, this approach could extend the analysis areas beyond those of the theoretical models, which are limited by the simplifying assumptions imposed in order to make their analysis possible. The expansion of the number of the supplier types is one example.

キーワード Numerical approach; principal-agent problem; adverse selection; numerical and computational model; Spence-Mirrlees single crossing property; monotonicity
添付ファイル 11-27.pdf HHH2012.zip