Implementation without commitment in moral hazard environments
نویسنده
چکیده
Interdependent-choice equilibrium is defined as an extension of correlated equilibrium in which the mediator is able to choose the timing of her signals, and observe the actions taken by the players. The set of interdependent-choice equilibria is a nonempty, closed and convex polytope. It characterizes all the outcomes that can be implemented in single shot interactions without repetition, side payments, binding contracts or any other form of delegation.
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ورودعنوان ژورنال:
- CoRR
دوره abs/1303.0916 شماره
صفحات -
تاریخ انتشار 2013