Imperfect commitment and the revelation principle: The multi-agent case with transferable utility

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 3
Pages: 611-614

Authors (2)

Evans, Robert (University of Cambridge) Reiche, Sönje (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

Bester and Strausz [Bester, H., Strausz, R., 2001. Contracting with imperfect commitment and the revelation principle: the single agent case. Econometrica 69, 1077-1098] showed that the revelation principle is invalid in a multi-agent, no-commitment setting. We show that if transfers are possible it does apply in their setting unless at least two agents have private information.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:3:p:611-614
Journal Field
General
Author Count
2
Added to Database
2026-01-25