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Common agency games with separable preferences

Author

Listed:
  • ATTAR, Andrea
  • MAJUMDAR, Dipjyoti
  • PIASER, Gwenaêl
  • PORTEIRO, Nicolàs
Abstract
This paper examines the role of the revelation principle in common agency games. We show how the introduction of a separability condition on the preferences of the agent is sufficient for the revelation principle to hold. Therefore, it is still possible to restrict attention to direct mechanisms without any loss of generality even when competition over contracts is considered.

Suggested Citation

  • ATTAR, Andrea & MAJUMDAR, Dipjyoti & PIASER, Gwenaêl & PORTEIRO, Nicolàs, 2003. "Common agency games with separable preferences," LIDAM Discussion Papers CORE 2003102, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:2003102
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp2003.html
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    References listed on IDEAS

    as
    1. repec:ebl:ecbull:v:4:y:2005:i:11:p:1-6 is not listed on IDEAS
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    12. Attar, Andrea & Piaser, Gwenael & Porteiro, Nicolas, 2007. "Negotiation and take-it or leave-it in common agency with non-contractible actions," Journal of Economic Theory, Elsevier, vol. 135(1), pages 590-593, July.
    13. Le Breton, Michel & Salanie, Francois, 2003. "Lobbying under political uncertainty," Journal of Public Economics, Elsevier, vol. 87(12), pages 2589-2610, December.
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    Cited by:

    1. Han, Seungjin, 2012. "On take it or leave it offers in common agency," Economics Letters, Elsevier, vol. 117(3), pages 777-781.
    2. repec:ebl:ecbull:v:4:y:2005:i:11:p:1-6 is not listed on IDEAS
    3. Gwenael Piaser, 2004. "The Biais-Martimort-Rochet equilibrium with direct mechanisms," Game Theory and Information 0412007, University Library of Munich, Germany.
    4. Gwenael Piaser, 2005. "Stochastic and deterministic menus in common agency games," Economics Bulletin, AccessEcon, vol. 4(11), pages 1-6.
    5. Han, Seungjin, 2007. "Strongly robust equilibrium and competing-mechanism games," Journal of Economic Theory, Elsevier, vol. 137(1), pages 610-626, November.

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    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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