Common Agency and the Revelation Principle

Common Agency and the Revelation Principle
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共同代理和启示原则

DOI:
10.1111/1468-0262.00245
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发表时间:
2001
期刊:
影响因子:
6.1
通讯作者:
Michael Peters
Michael Peters
中科院分区:
经济学1区
文献类型:
--
作者:
Michael Peters

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在共同代理问题中,多个机制设计者同时试图控制一个私人知情代理人的行为。该文件表明,分配与平衡相对于任何特设一套fessible机制可以再现为平衡相对于(一些子集)的菜单集。此外,相对于菜单的集合的均衡是弱鲁棒的,在这个意义上,它是可能的,以找到连续均衡,使均衡分配持续存在,即使当一组可行的机制被扩大。
In the common agency problem multiple mechanism designer simultaneously attempt to control the behavior of a single privately informed agent. The paper shows that the allocations associated with equilibria relative to any ad hoc set of fessible mechanisms can be reproduce as equilibria relative to (some subset of) the set of menus. Furthermore, equilibria relative to the set of menus are weakly robust in the sense that it is possible to find continuation equilibria so that the equilibrium allocations persist even when the set of feasible mechanisms is enlarged.
DOI: 10.2307/1913707
发表时间: 1989-11-01
期刊: ECONOMETRICA
影响因子: 6.1
作者:
KLEMPERER, PD;MEYER, MA
通讯作者: MEYER, MA