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An Experimental Examination Of Common Agency

  • Alevy, Jonathan E.

An equilibrium solution is developed for a common-agency game that is used to study the structure of regulatory bureaucracy. Contrary to existing results, this equilibrium maintains powerful incentives for the agent. An experiment is conducted to test the competing hypotheses. The implications of common-agency on reciprocity are also examined.

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File URL: http://purl.umn.edu/19876
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2002 Annual meeting, July 28-31, Long Beach, CA with number 19876.

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Date of creation: 2002
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Handle: RePEc:ags:aaea02:19876
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  1. Vital Anderhub & Simon Gaechter & Manfred Koenigstein, . "Efficient Contracting and Fair Play in a Simple Principal-Agent Experiment," IEW - Working Papers 018, Institute for Empirical Research in Economics - University of Zurich.
  2. repec:dgr:kubcen:199936 is not listed on IDEAS
  3. 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.
  4. Anderson, Simon P. & Goeree, Jacob K. & Holt, Charles A., 2001. "Minimum-Effort Coordination Games: Stochastic Potential and Logit Equilibrium," Games and Economic Behavior, Elsevier, vol. 34(2), pages 177-199, February.
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