The Biais-Martimort-Rochet equilibrium with direct mechanisms

Gwenael Piaser ()

No 2006_33, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: In this note we show that the equilibrium characterized by Biais, Martimort and Rochet (Econometrica, 2000) could have been characterized by direct mechanisms even if the Revelation Principle does not apply in their setting. The use of more sophisticated mechanisms, such as menus, was not necessary.

Keywords: Common Agency; Revelation Principle; Direct Mechanisms; Nonlinear Prices. (search for similar items in EconPapers)
JEL-codes: D82 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2006
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: The Biais-Martimort-Rochet equilibrium with direct mechanisms (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2006_33

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