Optimal growth with many consumers

MULTIPLIER ANALYSIS IN THE FRAMEWORK OF MANY PRODUCERS AND MANY CONSUMERS OF THE SAM FOR THE IRANIAN ECONOMY

Optimal Mechanism Design with Flexible Consumers and Costly Supply

The problem of designing a profit-maximizing, Bayesian incentive compatible and individually rational mechanism with flexible consumers and costly heterogeneous supply is considered. In our setup, each consumer is associated with a flexibility set that describes the subset of goods the consumer is equally interested in. Each consumer wants to consume one good from its flexibility set. The flexi...

Optimal Selling Scheme for Heterogeneous Consumers with Uncertain Valuations

In this paper, we investigate the optimal selling scheme for a capacity-constrained seller who faces both aggregate demand and individual valuation uncertainties. As each consumer privately observes an initial estimate prior to the transactions and an updated information post-purchase, the problem exhibits the sequential screening feature and return policy emerges as part of the optimal selling...

Optimal relocation strategies for spatially mobile consumers

We develop a model of the behaviour of a dynamically optimizing economic agent who makes consumption-saving and spatial relocation decisions. We formulate an existence result for the model, derive the necessary conditions for optimality and study the behaviour of the economic agent, focusing on the case of a wage distribution with a single maximum.

Optimal Contracts for Loss Averse Consumers

We consider the problem of optimal contract design between a monopolist and a continuum of potential buyers under asymmetric information, when consumers have reference-dependent preferences and loss aversion. In our model, consumers are endowed with quasi-linear utilities over the quality parameter of a good sold by a monopolist. The total valuation for quality is composed of the intrinsic cons...