Showing 1 - 10 of 41
Persistent link: https://www.econbiz.de/10003822180
Persistent link: https://www.econbiz.de/10008170359
Persistent link: https://www.econbiz.de/10013489668
Persistent link: https://www.econbiz.de/10014472325
Persistent link: https://www.econbiz.de/10014227005
This paper provides necessary and sufficient conditions for a social choice correspondence to be implementable via epsilon-Nash equilibrium when agents' preferences can be represented by cardinal utilities. Our results also display robustness of Maskin's seminal result on Nash implementation.
Persistent link: https://www.econbiz.de/10005288207
Persistent link: https://www.econbiz.de/10011594095
Persistent link: https://www.econbiz.de/10011817056
Persistent link: https://www.econbiz.de/10014230188
This paper analyzes optimal contracts in a linear hidden-action model with normally distributed returns possessing two moments that are governed jointly by two agents who have negative exponential utilities. They can observe and verify each others' effort levels and draft enforceable...
Persistent link: https://www.econbiz.de/10010369361