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Common agency games with separable preferences

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Author Info
ATTAR, Andrea
MAJUMDAR, Dipjyoti
PIASER, Gwenal
PORTEIRO, Nicolˆs

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Abstract

This paper examines the role of the revelation principle in common agency games. We show how the introduction of a separability condition on the preferences of the agent is sufficient for the revelation principle to hold. Therefore, it is still possible to restrict attention to direct mechanisms without any loss of generality even when competition over contracts is considered.

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Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2003102.

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Date of creation: 01 Dec 2003
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Handle: RePEc:cor:louvco:2003102

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Find related papers by JEL classification:
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information

References listed on IDEAS
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  1. Peters, Michael, 2003. "Negotiation and take it or leave it in common agency," Journal of Economic Theory, Elsevier, vol. 111(1), pages 88-109, July. [Downloadable!] (restricted)
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  2. David Martimort & Lars Stole, 2002. "The Revelation and Delegation Principles in Common Agency Games," Econometrica, Econometric Society, vol. 70(4), pages 1659-1673, July. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Gwenael Piaser, 2005. "Stochastic and deterministic menus in common agency games," Economics Bulletin, Economics Bulletin, vol. 4(11), pages 1-6. [Downloadable!]
  2. Gwenaël Piaser, 2006. "The Biais-Martimort-Rochet equilibrium with direct mechanisms," Working Papers 2006_33, University of Venice "Ca' Foscari", Department of Economics. [Downloadable!]
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