On Take It or Leave It Offers in Common Agency
If the agent's preference relation satisfies a strict monotonicity condition in common agency under the asymmetric information, the set of all equilibrium allocations in the menu game where menus of contracts are allowed coincides with the set of all equilibrium allocations in the single contract game where only single contracts are allowed.
|Date of creation:||26 May 2011|
|Date of revision:||30 Aug 2012|
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