Implementation of multi-agent incentive contracts with the principal's renegotiation offer
The purpose of this paper is to explore a mechanism for supporting desired equilibrium actions in a one-principal, multi-agent model when the principal makes a renegotiation offer. We show that there exists a mechanism in which the principal's most preferred mixed strategy is always supported.
Volume (Year): 4 (1999)
Issue (Month): 2 ()
|Note:||Received: 30 May 1997 / Accepted: 10 October 1998|
|Contact details of provider:|| Web page: http://link.springer.de/link/service/journals/10058/index.htm |
|Order Information:||Web: http://link.springer.de/orders.htm|
When requesting a correction, please mention this item's handle: RePEc:spr:reecde:v:4:y:1999:i:2:p:161-177. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.