Prat, Andrea; Rustichini, A. - 1998
In a common agency game a set of principals promises monetary transfers to an agent which depend on the action he will … simultaneously. This game has many equilibria; Bernheim and Whinston ([1]) prove that the action chosen in the coalition … transfers sequentially. We prove that the set of equilibria is di®erent in many important ways. The outcome is e±cient in all …