Journal article
On take it or leave it offers in common agency
Abstract
If the agent’s preference relation satisfies a strict monotonicity condition in common agency under the asymmetric information, the set of all equilibrium allocations in the menu game where menus of contracts are allowed coincides with the set of all equilibrium allocations in the single contract game where only single contracts are allowed.
Authors
Han S
Journal
Economics Letters, Vol. 117, No. 3, pp. 777–781
Publisher
Elsevier
Publication Date
12 2012
DOI
10.1016/j.econlet.2012.07.039
ISSN
0165-1765