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Pure Strategies and No Externalities with Multiple Agents

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  • Peters, Michael

Abstract

This note considers two properties of common agency models - pure strategy equilibria with simple competition are robust and equilibria in mechanisms can be reproduced as equilibria with simple competition provided an appropriate no-externalities assumption holds. This note provides counter examples to both these theorems when there are multiple agents.

Suggested Citation

  • Peters, Michael, 2003. "Pure Strategies and No Externalities with Multiple Agents," Microeconomics.ca working papers peters-03-12-17-12-42-59, Vancouver School of Economics, revised 12 Feb 2004.
  • Handle: RePEc:ubc:pmicro:peters-03-12-17-12-42-59
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