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Common Agency and Decision Making: A Note on Existence

Author

Listed:
  • Torben Tranæs

    (Institute of Economics, University of Copenhagen)

Abstract

The note intends to highlight the relevance of the common-agency model to a characteristic class of problems containing for instance decision making in hierarchies, lobbyism and local authorities competing on being the host for an important activity. Existence for the whole class of common-agency models requires the strategy sets to be convex. Whereas, for the subclass considered here, we can prove existence of pure-strategy Nash equilibria.

Suggested Citation

  • Torben Tranæs, 1991. "Common Agency and Decision Making: A Note on Existence," Discussion Papers 91-23, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:9123
    as

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