Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957074 | Journal of Economic Theory | 2007 | 17 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Seungjin Han,