Mimeo :

Andrea Attar, Eloisa Campioni et Gwenaël Piaser, Competing Mechanisms, Exclusive Clauses and the Revelation Principle, février 2011.
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Résumé

We consider multiple-principal multiple-agent games of incomplete information in which each agent can at most participate with one principal. In such contexts, we show that the restriction to direct truthful mechanisms involves a loss of generality, even if one only focuses on pure strategy equilibria. However, the traditional Revelation Principle retains its power in games with a single agent.

Mots clefs

Competing Mechanisms

Codes JEL

D82 : Asymmetric and Private Information