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We consider a model where agents work in sequence on a project, share information not available to the principal, and can collude.
Persistent link: https://www.econbiz.de/10005245587
We suppose the principal not only designs a mechanism, but can participate as a plyer. The result is a Bayesian model where one player, the pricipal has no information, and the remaining players have complete information.
Persistent link: https://www.econbiz.de/10005245697
Persistent link: https://www.econbiz.de/10005777191