Mediated contracts and mechanism design

A-Tier
Journal: Journal of Economic Theory
Year: 2012
Volume: 147
Issue: 3
Pages: 1280-1290

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The framework of incentive compatible finite direct coordination mechanisms in the sense of Myerson (1982) [5] is isomorphic to a framework of incentive compatible stochastic mediated contracts in the sense of Rahman and Obara (2010) [11] and Rahman (2009) [10]. The equivalence follows because the framework of Myerson (1982) [5] allows for a correlation between recommendations and transfers. The literature has hitherto not recognized the importance of this correlation for the structure of optimal contracts and for extending the revelation principle to address agency (moral hazard) problems.

Technical Details

RePEc Handle
repec:eee:jetheo:v:147:y:2012:i:3:p:1280-1290
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29