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This paper considers an environment where two principals sequentially contract with a common agent and studies the exchange of information between the two bilateral relationships. We show that when (a) the upstream principal is not personally interested in the decisions taken by the downstream...
Persistent link: https://www.econbiz.de/10010266292
This paper studies the exchange of information between two principals who contract sequentially with the same agent, as in the case of a buyer who purchases from multiple sellers. We show that when (a) the upstream principal is not personally interested in the downstream level of trade, (b) the...
Persistent link: https://www.econbiz.de/10010266304
This paper considers an environment where two principals sequentially contract with a common agent and studies the exchange of information between the two bilateral relationships. We show that when (a) the upstream principal is not personally interested in the decisions of the downstream...
Persistent link: https://www.econbiz.de/10010270336
This paper considers an environment where two principals sequentially contract with a common agent and studies the exchange of information between the two bilateral relationships. We show that when (a) the upstream principal is not personally interested in the decisions taken by the downstream...
Persistent link: https://www.econbiz.de/10003779206
This paper studies the exchange of information between two principals who contract sequentially with the same agent, as in the case of a buyer who purchases from multiple sellers. We show that when (a) the upstream principal is not personally interested in the downstream level of trade, (b) the...
Persistent link: https://www.econbiz.de/10003780324
Persistent link: https://www.econbiz.de/10003285096
Persistent link: https://www.econbiz.de/10003811633
This paper considers games in which multiple principals contract simultaneously with the same agent. We introduce a new class of revelation mechanisms that, although it does not always permit a complete equilibrium characterization, it facilitates the characterization of the equilibrium outcomes...
Persistent link: https://www.econbiz.de/10003860805
Persistent link: https://www.econbiz.de/10003379245
Persistent link: https://www.econbiz.de/10003996940