Mediated Contracts and Mechanism Design

This note relates the mechanisms that are based on mediated contracts of Rahman and Obara (2010) to the mechanisms of Myerson (1982). It shows that the mechanisms in Myerson (1982) are more general in that they encompass the mechanisms based on mediated contracts. It establishes an equivalence between the two classes if mediated contracts are allowed to be stochastic.

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Year of publication:	2010
Authors:	Strausz, Roland
Publisher:	München : Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
Subject:	Vertragstheorie \| Mechanismus-Design-Theorie \| Mediation \| Offenbarte Präferenzen \| Moral Hazard \| Theorie \| mediatedcontract \| mechanismdesign \| revelationprinciple \| moralhazard

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Series:	SFB/TR 15 Discussion Paper ; 322
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.5282/ubm/epub.13232 [DOI] 629716765 [GVK] hdl:10419/93844 [Handle] RePEc:trf:wpaper:322 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010333821