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From private to public common agency

  • Billette de Villemeur, Etienne
  • Versaevel, Bruno

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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File URL: http://www.sciencedirect.com/science/article/B6WJ3-48PVC3P-1/2/e1bbb05852a628f227126a304f461c05
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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 111 (2003)
Issue (Month): 2 (August)
Pages: 305-309

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Handle: RePEc:eee:jetheo:v:111:y:2003:i:2:p:305-309
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622869

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  1. Bernheim, B Douglas & Whinston, Michael D, 1986. "Menu Auctions, Resource Allocation, and Economic Influence," The Quarterly Journal of Economics, MIT Press, vol. 101(1), pages 1-31, February.
  2. Laussel, Didier & Le Breton, Michel, 1996. "Complements and substitutes in common agency," Ricerche Economiche, Elsevier, vol. 50(4), pages 325-345, December.
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