کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5072894 1373521 2008 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
NoteOn the use of menus in sequential common agency
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
NoteOn the use of menus in sequential common agency
چکیده انگلیسی

We illustrate, by means of two examples, why assuming the principals offer simple menus (i.e. collections of payoff-relevant alternatives) as opposed to more general mechanisms may preclude a complete characterization of the set of equilibrium outcomes in certain sequential contracting environments. We then discuss how refinements of the solution concept, or enrichments of the menus that allow for recommendations, may restore the possibility of using menus to obtain a complete equilibrium characterization.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 64, Issue 1, September 2008, Pages 329-334
نویسندگان
, ,