On the use of menus in sequential common agency

B-Tier
Journal: Games and Economic Behavior
Year: 2008
Volume: 64
Issue: 1
Pages: 329-334

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We illustrate, by means of two examples, why assuming the principals offer simple menus (i.e. collections of payoff-relevant alternatives) as opposed to more general mechanisms may preclude a complete characterization of the set of equilibrium outcomes in certain sequential contracting environments. We then discuss how refinements of the solution concept, or enrichments of the menus that allow for recommendations, may restore the possibility of using menus to obtain a complete equilibrium characterization.

Technical Details

RePEc Handle
repec:eee:gamebe:v:64:y:2008:i:1:p:329-334
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25