Authors: type-dependent participation constraint perturbs natural ordering of incentives. They say it's difficult to determine which constraints are binding. Authors: inefficient agent's outside utility level is Uo > 0, efficient agent's participation level is zero.
Authors: type-dependent participation constraint perturbs natural ordering of incentives. They say it's difficult to determine which constraints are binding. Authors: inefficient agent's outside utility level is Uo > 0, efficient agent's participation level is zero.
Authors: type-dependent participation constraint perturbs natural ordering of incentives. They say it's difficult to determine which constraints are binding. Authors: inefficient agent's outside utility level is Uo > 0, efficient agent's participation level is zero.