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" between the supervisor and the agent. However, asymmetric information between these two parties can cause a "collusion failure … manipulate the opportunity cost of collusion under this organizational form. The increase in the principal's rent extraction does …
Persistent link: https://www.econbiz.de/10004980432
This paper studies the role of a policy of inducing in combating collusion within organizations, or in regulatory … directly with the principal in some states of the world. If collusion between supervisor and agent can occur only after they … have decided to participate in the mechanism, this can costlessly eliminate collusion. This result is robust to alternative …
Persistent link: https://www.econbiz.de/10005619241
In this paper we address the question of collusion in mechanisms under asymmetric information. We develop a methodology … to analyze collusion as an informed principal problem. First, if collusion occurs after the agents accept or reject the … principal's offer; the dominant-strategy implementation of the optimal contract without collusion is collusion proof. Second, we …
Persistent link: https://www.econbiz.de/10005550916
This paper shows that the possibility of collusion between an agent and a supervisor imposes no restrictions on the set … implementable if the supervisor's information was public is also implementable when this information is private and collusion is …
Persistent link: https://www.econbiz.de/10011902729
colluding agents can be used to reduce the revenue losses from collusion. In a class of environments we show that the principal … optimal mechanisms can be implemented as uniquely collusion-proof mechanisms. …
Persistent link: https://www.econbiz.de/10011700241
grand coalition is a known result. Finally, we study collusion in auctions as a mechanism design problem, insisting on the …
Persistent link: https://www.econbiz.de/10009211237
colluding agents can be used to reduce the revenue losses from collusion. In a class of environments we show that the principal … optimal mechanisms can be implemented as uniquely collusion-proof mechanisms. …
Persistent link: https://www.econbiz.de/10011599408
This paper shows that the possibility of collusion between an agent and a supervisor imposes no restrictions on the set … implementable if the supervisor′s information was public is also implementable when this information is private and collusion is …
Persistent link: https://www.econbiz.de/10011932965
The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced...
Persistent link: https://www.econbiz.de/10009517819
We study the principal’s optimal response to collusion in an adverse selection environment. Building on the framework … study a stronger collusion when the agents can coordinate their participation decisions in addition to the joint play of the … the private information is distributed continuously. We characterize the set of implementable collusion-proof outcomes of …
Persistent link: https://www.econbiz.de/10004972914