From January the 20th, 2020 ahead, increase the visibility of your scientific production by authorizing the export of your publications to HAL!

On Competing Mechanisms under Exclusive Competition

Attar, Andrea, Campioni, Eloisa and Piaser, Gwenaël (2015) On Competing Mechanisms under Exclusive Competition. TSE Working Paper, n. 15-609, Toulouse

WarningThere is a more recent version of this item available.
[img]
Preview
Text
Download (356kB) | Preview
Official URL: http://tse-fr.eu/pub/29906

Abstract

We study games in which several principals design incentive schemes in the presence of privately informed agents. Competition is exclusive: each agent can participate with at most one principal, and principal-agents corporations are isolated. We analyze the role of standard incentive compatible mechanisms in these contexts. First, we provide a clarifying example showing how incentive compatible mechanisms fail to completely characterize equilibrium outcomes even if we restrict to pure strategy equilibria. Second, we show that truth-telling equilibria are robust against unilateral deviations toward arbitrary mechanisms. We then consider the single agent case and exhibit sufficient conditions for the validity of the revelation principle.

Item Type: Monograph (Working Paper)
Language: English
Date: November 2015
Place of Publication: Toulouse
Uncontrolled Keywords: Competing Mechanisms, Exclusive Competition, Incomplete Information
JEL Classification: D82 - Asymmetric and Private Information
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse), TSM Research (Toulouse)
Institution: Université Toulouse 1 Capitole
Site: UT1
Date Deposited: 14 Jun 2016 14:49
Last Modified: 19 Jul 2018 14:52
["eprint_fieldname_oai_identifier" not defined]: oai:tse-fr.eu:29906
URI: http://publications.ut-capitole.fr/id/eprint/18724

Available Versions of this Item

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year