A Folk Theorem for Competing Mechanisms
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.
|Date of creation:||13 May 2010|
|Date of revision:||19 Oct 2013|
|Contact details of provider:|| Web page: http://www.economics.ubc.ca/|
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