Dixit, Avinash; Grossman, Gene M; Helpman, Elhanan - In: Journal of Political Economy 105 (1997) 4, pp. 752-69
The authors develop a model of common agency with complete information and general preferences with nontransferable utility, and they prove that the principals' Nash equilibrium in truthful strategies implements an efficient action. The authors apply this theory to the construction of a positive...