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In common agency games, one cannot characterize all equilibria by considering only direct mechanisms. In an attempt to overcome this difficulty, Peters [Econometrica, 2001]and Martimort and Stole [Econometrica, 2002] identified a class of indirect mechanisms (namely, menus) which are able to...
Persistent link: https://www.econbiz.de/10005616979
The following is a model of psychological contracting with unmonitorable performance, implicit offers, and screening …
Persistent link: https://www.econbiz.de/10005109577
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … instrument to affect the outcome of the conflict. The second instrument is assumed to capture positive investments in ‘conflict … extremely large there is no room for cooperation and a conflict trap emerges; (b) whenever the degree of asymmetry falls within …
Persistent link: https://www.econbiz.de/10005789451
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … instrument to affect the outcome of the conflict. The second instrument is assumed to capture positive investments in ‘conflict … for the measurement and evaluation of conflict and …
Persistent link: https://www.econbiz.de/10005835709
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … option of choosing a second instrument to affect the outcome of the conflict. The second instrument is assumed to capture a … complex bundle of Conflict Management Procedures (CMPs). Through comparative statics, different scenarios are studied. A …
Persistent link: https://www.econbiz.de/10005835785
This paper is a theoretical introduction to modern governance of universities in developing countries. Indeed, adopting the approach of the paradigm of the theory of incentives Laffont and Tirole (1993), this paper discusses the effects of the presence of information asymmetry between the State...
Persistent link: https://www.econbiz.de/10011108454
This paper discusses the design of a novel multi-dimensional mechanism which allows a principal to procure a single project or an item from multiple suppliers through a two-step payment. The suppliers are capable of producing different qualities at costs which cannot exceed a certain value and...
Persistent link: https://www.econbiz.de/10011259763
I develop a model of contracting under reciprocal altruism accounting for some evidence which is paradoxical from the … contract theory. …
Persistent link: https://www.econbiz.de/10004999184
insureds to discover their risk type and/or educating potential insureds on the requirements of a contract of uberrimae fidei …
Persistent link: https://www.econbiz.de/10005619644
interpreted as a 'simple' contract that the parties have written ex ante. This result is used in order to show that simple …
Persistent link: https://www.econbiz.de/10005836090