TY  - RPRT
        AU  - Schnedler, Wendelin
        TI  - The Virtue of Being Underestimated: A Note on Discriminatory Contracts in Hidden Information Models
        PY  - 2001/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 342
        UR  - https://www.iza.org/publications/dp342
        AB  - A standard hidden information model is considered to study the influence of the a priori productivity distribution on the optimal contract. A priori more productive (hazard rate dominant) agents work less, enjoy lower rents, but generate a higher expected surplus.
        KW  - stochastic order relation
KW  - statistical discrimination
KW  - Adverse selection
        ER  -