This note establishes that two propositions in the theory of private common agency by Laussel and Le Breton (2001, J. Econ. Theory 100, 93-128) extend to a larger class of games, in which each principal’s gross monetary payoff does not depend exclusively on the quantities she receives. A new result is offered to demonstrate that Proposition 4.3 is robust to the introduction of negative externalities. An existing result is reinterpreted to show that Proposition 4.2 is robust to the introduction of positive externalities.
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Paper provided by HEC Montréal, Institut d'économie appliquée in its series Cahiers de recherche with number
02-06.
Length: 10 pages Date of creation: Jul 2002 Date of revision: Handle: RePEc:iea:carech:0206
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Find related papers by JEL classification: C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
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