蝌蚪网 Journal:
Microeconomics
ISSN 1945-7669 (Print) | ISSN 1945-7685 (Online)
Truthful Revelation Mechanisms for Simultaneous Common Agency Games
蝌蚪网 Journal: Microeconomics
(pp. 132–90)
Abstract
We introduce new revelation mechanisms for simultaneous common agency games which, although they do not always permit a complete equilibrium characterization, do facilitate the characterization of the equilibrium outcomes that are typically of interest in applications. We then show how these mechanisms can be used in applications such as menu auctions, competition in nonlinear tariffs, and moral hazard settings. Lastly, we show how one can enrich the revelation mechanisms, albeit at a cost of an increase in complexity, to characterize all possible equilibrium outcomes, including those sustained by non-Markov strategies and/or mixed-strategy profiles. (JEL C72, D82, D86)Citation
Pavan, Alessandro, and Giacomo Calzolari. 2010. "Truthful Revelation Mechanisms for Simultaneous Common Agency Games." 蝌蚪网 Journal: Microeconomics 2 (2): 132–90. DOI: 10.1257/mic.2.2.132JEL Classification
- C72 Noncooperative Games
- D82 Asymmetric and Private Information
- D86 Economics of Contract: Theory