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A Folk Theorem for Competing Mechanisms

Listed author(s):
  • Peters, Michael
  • Troncoso-Valverde, Cristian

We prove a folk theorem for games in which mechanism designers compete in mechanisms and in which there are at least 4 players. All allocations supportable by a centralized mechanism designer, including allocations involving correlated actions (and correlated punishments) can be supported as Bayesian equilibrium outcomes in the competing mechanism game.

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File URL: http://montoya.econ.ubc.ca/mike/multiple_agency.pdf
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Paper provided by Vancouver School of Economics in its series Microeconomics.ca working papers with number michael_peters-2010-17.

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Length: 0 pages
Date of creation: 13 May 2010
Date of revision: 19 Oct 2013
Handle: RePEc:ubc:pmicro:michael_peters-2010-17
Contact details of provider: Web page: http://www.economics.ubc.ca/

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  1. Dino Gerardi, 2002. "Unmediated Communication in Games with Complete and Incomplete Information," Cowles Foundation Discussion Papers 1371, Cowles Foundation for Research in Economics, Yale University.
  2. Péter Vida & Francoise Forges, 2011. "Implementation of Communication Equilibria by Correlated Cheap Talk: The Two-Player Case," CESifo Working Paper Series 3360, CESifo Group Munich.
  3. Tristan Tomala & L. Renou, 2010. "Mechanism Design and Communication Networks," Post-Print hal-00543602, HAL.
  4. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January.
  5. FORGES, Françoise, "undated". "An approach to communication equilibria," CORE Discussion Papers RP 721, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  6. Takuro Yamashita, 2010. "Mechanism Games With Multiple Principals and Three or More Agents," Econometrica, Econometric Society, vol. 78(2), pages 791-801, 03.
  7. Michael Peters & Balázs Szentes, 2012. "Definable and Contractible Contracts," Econometrica, Econometric Society, vol. 80(1), pages 363-411, 01.
  8. Tennenholtz, Moshe, 2004. "Program equilibrium," Games and Economic Behavior, Elsevier, vol. 49(2), pages 363-373, November.
  9. Epstein, Larry G. & Peters, Michael, 1999. "A Revelation Principle for Competing Mechanisms," Journal of Economic Theory, Elsevier, vol. 88(1), pages 119-160, September.
  10. Claudio Mezzetti, 2004. "Mechanism Design with Interdependent Valuations: Efficiency," Econometrica, Econometric Society, vol. 72(5), pages 1617-1626, 09.
  11. Kalai, Adam Tauman & Kalai, Ehud & Lehrer, Ehud & Samet, Dov, 2010. "A commitment folk theorem," Games and Economic Behavior, Elsevier, vol. 69(1), pages 127-137, May.
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