Showing 1 - 2 of 2
This paper describes situations where commitment via delegation is beneficial, even when the delegation is unobservable and the players have the option to play the game themselves. The potential for such benefits depends on the type of delegation, incentive versus instructive, the possibility of...
Persistent link: https://www.econbiz.de/10005400640
The role of commitments in noncooperative games is well acknowledged and documented. One way to achieve commitments is by letting delegates represent the players of a game. In this paper, the authors study a delegation game in which the players can use agents strategically to play on their...
Persistent link: https://www.econbiz.de/10005400696