Competing Mechanisms, Exclusive Clauses and the Revelation Principle
We consider multiple-principal multiple-agent games of incomplete information in which each agent can at most participate with one principal. In such contexts, we show that the restriction to direct truthful mechanisms involves a loss of generality, even if one only focuses on pure strategy equilibria. However, the traditional Revelation Principle retains its power in games with a single agent.
|Date of creation:||30 Jun 2011|
|Date of revision:||30 Jun 2011|
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