EconPapers    
Economics at your fingertips  
 

Endogenous Games and Mechanisms: Side Payments Among Players

Matthew Jackson () and Simon Wilkie

Microeconomics from University Library of Munich, Germany

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.

Keywords: game theory; mechanism design; contracts; side payments; endogenous games; public goods (search for similar items in EconPapers)
JEL-codes: C72 D71 H41 K12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth, nep-law and nep-pbe
Date: 2002-11-04
Note: Type of Document - pdf
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (14) Track citations by RSS feed

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/mic/papers/0211/0211008.pdf (application/pdf)

Related works:
Journal Article: Endogenous Games and Mechanisms: Side Payments Among Players (2005) Downloads
Working Paper: Endogenous Games and Mechanisms: Side Payments Among Players (2002) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmi:0211008

Access Statistics for this paper

More papers in Microeconomics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().

 
Page updated 2018-12-07
Handle: RePEc:wpa:wuwpmi:0211008