Collusion and Outcome Equivalency
Dongsoo Shin ()
Journal of Institutional and Theoretical Economics (JITE), 2008, vol. 164, issue 3, 449-459
This paper considers a principal-agent model with adverse selection, in which collusion among the agents is possible. We compare the optimal outcome in two cases: (i) the principal can perfectly discriminate the transfers to the agents, and (ii) the principal's power to discriminate the transfers to the agents is limited. We find that the principal's payoff is not affected by limitation on transfer discrimination.
JEL-codes: D82 L23 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.mohrsiebeck.com/en/article/collusion-a ... 28093245608785363425 (text/html)
Fulltext access is included for subscribers to the printed version.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mhr:jinste:urn:sici:0932-4569(200809)164:3_449:caoe_2.0.tx_2-d
Ordering information: This journal article can be ordered from
Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Access Statistics for this article
Journal of Institutional and Theoretical Economics (JITE) is currently edited by Gerd Mühlheußer and Bayer, Ralph-C
More articles in Journal of Institutional and Theoretical Economics (JITE) from Mohr Siebeck, Tübingen
Bibliographic data for series maintained by Thomas Wolpert ().