Mediated contracts and mechanism design
نویسنده
چکیده
This note relates the mechanisms that are based on mediated contracts of Rahman and Obara (2010) to the mechanisms of Myerson (1982). It shows that the mechanisms in Myerson (1982) are more general in that they encompass the mechanisms based on mediated contracts. It establishes an equivalence between the two classes if mediated contracts are allowed to be stochastic.
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عنوان ژورنال:
- J. Economic Theory
دوره 147 شماره
صفحات -
تاریخ انتشار 2012