000			01308nam a2200205Ia 4500
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022			_a0002-8282
100			_aYang, Kai Hao _9121947
245		0	_aMonotone Function Intervals: Theory and Applications
260			_bAmerican Economic Review
260			_c2024
300			_a2239-2270
520			_aA monotone function interval is the set of monotone functions that lie pointwise between two fixed monotone functions. We characterize the set of extreme points of monotone function intervals and apply this to a number of economic settings. First, we leverage the main result to characterize the set of distributions of posterior quantiles that can be induced by a signal, with applications to political economy, Bayesian persuasion, and the psychology of judgment. Second, we combine our characterization with properties of convex optimization problems to unify and generalize seminal results in the literature on security design under adverse selection and moral hazard.
650			_a Asset Pricing _967822
650			_a Programming Models _922145
650			_a Trading Volume _9121948
650			_aOptimization Techniques _926690
700			_a Zentefis, Alexander K. _9121949
856			_uhttps://www.aeaweb.org/articles?id=10.1257/aer.20230330
999			_c134179 _d134179