Anderlini, Luca (contributor); Felli, Leonardo (contributor) - 2006
allows a role for an active court. The model we analyze is the same as in
Anderlini, Felli, and Postlewaite (2006). An active … court can improve on the
outcome that the parties would achieve without it. The institutional role of
the court is to …
ex-ante, then multiple equilibria obtain. In this case the role for an active
court is to ensure the inefficient pooling …