A Folk Theorem for Competing Mechanisms

We prove a folk theorem for games in which mechanism designers compete in mechanisms and in which there are at least 4 players. All allocations supportable by a centralized mechanism designer, including allocations involving correlated actions (and correlated punishments) can be supported as Bayesian equilibrium outcomes in the competing mechanism game.

MoreLess

Year of publication:	2010-05-13
Authors:	Peters, Michael ; Troncoso-Valverde, Cristian
Institutions:	Vancouver School of Economics

More details

Series:	Microeconomics.ca working papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	0 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008468162