Common agency games with separable preferences
AbstractThis 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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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2003102.
Date of creation: 00 Dec 2003
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Other versions of this item:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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- Seungjin Han, 2010.
"On Take It or Leave It Offers in Common Agency,"
Department of Economics Working Papers
2010-04, McMaster University, revised Jun 2012.
- Gwenaël Piaser, 2006.
"The Biais-Martimort-Rochet equilibrium with direct mechanisms,"
2006_33, Department of Economics, University of Venice "Ca' Foscari".
- Gwenael Piaser, 2004. "The Biais-Martimort-Rochet equilibrium with direct mechanisms," Game Theory and Information 0412007, EconWPA.
- Peters, Michael & Troncoso-Valverde, Cristian, 2010. "A Folk Theorem for Competing Mechanisms," Micro Theory Working Papers michael_peters-2010-17, Microeconomics.ca Website, revised 10 Jun 2010.
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