On Take It or Leave It Offers in Common Agency
Abstract
If the agent's preference relation satisfies a strict monotonicity condition in common agency under the asymmetric information, the set of all equilibrium allocations in the menu game where menus of contracts are allowed coincides with the set of all equilibrium allocations in the single contract game where only single contracts are allowed.Download Info
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Paper provided by McMaster University in its series Department of Economics Working Papers with number 2010-04.Length: 10 pages
Date of creation: Apr 2010
Date of revision: Jun 2012
Handle: RePEc:mcm:deptwp:2010-04
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Related research
Keywords: take it or leave it offers; menus; common agency; robust equilibrium allocations; mixed-strategy equilibrium;Other versions of this item:
- Han, Seungjin, 2012. "On take it or leave it offers in common agency," Economics Letters, Elsevier, vol. 117(3), pages 777-781.
- Han, Seungjin, 2011. "On Take It or Leave It Offers in Common Agency," Micro Theory Working Papers seungjin_han-2011-11, Microeconomics.ca Website, revised 18 Jun 2012.
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-07-24 (All new papers)
- NEP-BEC-2010-07-24 (Business Economics)
- NEP-CTA-2010-07-24 (Contract Theory & Applications)
References
References listed on IDEASPlease 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.:
- d'Aspremont, Claude & Dos Santos Ferreira, Rodolphe, 2010.
"Oligopolistic competition as a common agency game,"
Games and Economic Behavior,
Elsevier, vol. 70(1), pages 21-33, September.
- Claude, D’ASPREMONT & Rodolphe, DOS SANTOS FERREIRA, 2005. "Oligopolistic Competition as a Common Agency Game," Discussion Papers (ECON - Département des Sciences Economiques) 2005018, Université catholique de Louvain, Département des Sciences Economiques.
- D’ASPREMONT, Claude & DOS SANTOS FERREIRA, Rodolphe, 2005. "Oligopolistic competition as a common agency game," CORE Discussion Papers 2005018, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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