The recent literature on competing mechanisms has devoted a lot of effort at understanding a very complex and abstract issue. In particular, an agent's type in a competitive environment is hard to conceptualize because it depends on information the agent has about what is going on in the rest of the market. This paper explains why this such an important practical problem and illustrates how the literature has 'solved' it.
|Date of creation:||19 Feb 2014|
|Date of revision:||19 Feb 2014|
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- Peters, Michael & Troncoso-Valverde, Cristian, 2010.
"A Folk Theorem for Competing Mechanisms,"
Microeconomics.ca working papers
michael_peters-2010-17, Vancouver School of Economics, revised 19 Oct 2013.
- Giacomo Calzolari & Alessandro Pavan, 2007.
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- Giacomo Calzolari & Alessandro Pavan, 2008. "Sequential Contracting with Multiple Principals," Discussion Papers 1499, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Calzolari, Giacomo & Pavan, Alessandro, 2007. "Sequential Contracting with Multiple Principals," CEPR Discussion Papers 6562, C.E.P.R. Discussion Papers.
- Epstein, Larry G. & Peters, Michael, 1999.
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- Peters, Michael, 2001.
"Common Agency and the Revelation Principle,"
Econometric Society, vol. 69(5), pages 1349-72, September.
- Takuro Yamashita, 2010. "Mechanism Games With Multiple Principals and Three or More Agents," Econometrica, Econometric Society, vol. 78(2), pages 791-801, 03.
- McAfee, R Preston, 1993. "Mechanism Design by Competing Sellers," Econometrica, Econometric Society, vol. 61(6), pages 1281-1312, November.
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