Endogenous Games and Mechanisms: Side Payments Among Players

S-Tier
Journal: Review of Economic Studies
Year: 2005
Volume: 72
Issue: 2
Pages: 543-566

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

We characterize the outcomes of games when players may make binding offers of strategy contingent side payments before the game is played. This does not always lead to efficient outcomes, despite complete information and costless contracting. The characterizations are illustrated in a series of examples, including voluntary contribution public good games, Cournot and Bertrand oligopoly, principal-agent problems, and commons games, among others. Copyright 2005, Wiley-Blackwell.

Technical Details

RePEc Handle
repec:oup:restud:v:72:y:2005:i:2:p:543-566
Journal Field
General
Author Count
2
Added to Database
2026-01-25