A Folk Theorem for Competing Mechanisms
AbstractWe prove a folk theorem for games in which mechanism designers compete in mechanisms and in which there are at least 4 players. All allocations supportable by a centralized mechanism designer, including allocations involving correlated actions (and correlated punishments) can be supported as Bayesian equilibrium outcomes in the competing mechanism game.
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Bibliographic InfoPaper provided by Microeconomics.ca Website in its series Micro Theory Working Papers with number michael_peters-2010-17.
Length: 0 pages
Date of creation: 13 May 2010
Date of revision: 19 Oct 2013
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- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-22 (All new papers)
- NEP-CDM-2010-05-22 (Collective Decision-Making)
- NEP-GTH-2010-05-22 (Game Theory)
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- Seungjin Han, 2012.
"Implicit Collusion in Non-Exclusive Contracting under Adverse Selection,"
Department of Economics Working Papers
2012-15, McMaster University, revised Apr 2013.
- Han, Seungjin, 2011. "Implicit Collusion in Non-Exclusive Contracting under Adverse Selection," Micro Theory Working Papers seungjin_han-2011-10, Microeconomics.ca Website, revised 02 Apr 2013.
- James Albrecht, Pieter Gautier, Susan Vroman, 2013. "Efficient Entry in Competing Auctions," Working Papers gueconwpa~13-13-05, Georgetown University, Department of Economics.
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