@techreport{444d6df21c124efe94df45f014115956,
title = "Stochastic Mechanisms and Quasi-Linear Preferences",
abstract = "Abstract: Many optimal contracting papers use quasi-linear preferences. To exclude stochastic mechanisms they impose a (sufficient) condition on how the curvature of an agent's objective function varies with type. We show with quasi-linear preferences that an optimal deterministic outcome without bunching implies that stochastic mechanisms are not optimal (without any additional assumptions).",
keywords = "stochastic mechanisms, contract theory, quasi-linear preferences",
author = "C. Schottmuller and J. Boone",
note = "Pagination: 17",
year = "2012",
language = "English",
volume = "2012-047",
series = "CentER Discussion Paper",
publisher = "Economics",
type = "WorkingPaper",
institution = "Economics",
}