Boukouras, Aristotelis; Koufopoulos, Kostas; Qi, Xuyuanda; … - 2021
This paper derives conditions under which the introduction of a third-party agent solves the renegotiation-proofness problem of Moore and Repullo (1988)-type mechanisms, without introducing the potential for other agents to collude with the third-party. The key novelties of our mechanism are:...