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Endogenous Games and Mechanisms: Side Payments Among Players Author info | Abstract | Publisher info | Download info | Related research | Statistics Matthew O. Jackson
Simon Wilkie
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We characterize the outcomes of games when players may make binding offers of strategy contingent side payments before the game is played. This does not always lead to efficient outcomes, despite complete information and costless contracting. The characterizations are illustrated in a series of examples, including voluntary contribution public good games, Cournot and Bertrand oligopoly, principal-agent problems, and commons games, among others. Copyright The Review of Economic Studies Limited, 2005.
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Article provided by Blackwell Publishing in its journal Review of Economic Studies .
Volume (Year): 72 (2005)
Issue (Month): 2 (04)
Pages: 543-566
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Handle: RePEc:bla:restud:v:72:y:2005:i:2:p:543-566Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527
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