Article ID Journal Published Year Pages File Type
957074 Journal of Economic Theory 2007 17 Pages PDF
Abstract

This paper formulates the notion of a strongly robust equilibrium relative to a set of mechanisms specified in any competing-mechanism game of complete information with multiple principals and multiple agents. It shows that when agents’ efforts are contractible, any strongly robust pure-strategy equilibrium relative to single-incentive contracts persists, regardless of the continuation equilibrium that agents play upon any principal's deviation to any complex mechanism.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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