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Common Agency Games with Separable Preferences

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Author Info
Attar Andrea (IDEI, University of Toulouse, Concordia University)
Gwenäel Piaser () (Department of Economics, University Of Venice Ca’ Foscari)
Nicolas Porteiro (University Pablo de Olavide)

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Abstract

This paper examines the role of the direct mechanisms in common agency games. We show how the introduction of a separability condition on the preferences of the agent is sufficient for a version of the Revelation Principle to hold in finite generic games. The result goes through without imposing any restriction on the principals’ payoffs. 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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File URL: http://www.dse.unive.it/fileadmin/templates/dse/wp/WP_DSE_Piaser_28_06.pdf
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File Function: First version, 2006
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Publisher Info
Paper provided by University of Venice "Ca' Foscari", Department of Economics in its series Working Papers with number 2006_28.

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Length: 20 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:ven:wpaper:2006_28

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Related research
Keywords: Revelation Principle; Common Agency; Separable Preferences;

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Find related papers by JEL classification:
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information

References listed on IDEAS
Please 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.:

  1. Peters, Michael, 2003. "Negotiation and take it or leave it in common agency," Journal of Economic Theory, Elsevier, vol. 111(1), pages 88-109, July. [Downloadable!] (restricted)
    Other versions:
  2. David Martimort & Lars Stole, 2002. "The Revelation and Delegation Principles in Common Agency Games," Econometrica, Econometric Society, vol. 70(4), pages 1659-1673, July. [Downloadable!] (restricted)
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Cited by:
(explanations, Please 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.)

  1. Gwenaël Piaser, 2006. "The Biais-Martimort-Rochet equilibrium with direct mechanisms," Working Papers 2006_33, University of Venice "Ca' Foscari", Department of Economics. [Downloadable!]
    Other versions:
  2. Gwenael Piaser, 2005. "Stochastic and deterministic menus in common agency games," Economics Bulletin, Economics Bulletin, vol. 4(11), pages 1-6. [Downloadable!]
Statistics
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