We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
On the informed principal model with common values.
- Authors
Dosis, Anastasios
- Abstract
In the informed principal model with common values, I provide conditions that allow for the characterization of the set of equilibria of the game in which the principal makes a take‐it‐or‐leave‐it offer of a mechanism to the agent. I further examine if and when restriction to direct revelation mechanisms is without loss of generality. Last, I provide clear guidelines for solving economic applications, such as insurance, procurement, security design, and bilateral trading, of the informed principal model. The results are compared with and shown to significantly differ from those obtained in Maskin and Tirole (1992).
- Subjects
BILATERAL trade; INSURANCE
- Publication
RAND Journal of Economics (Wiley-Blackwell), 2022, Vol 53, Issue 4, p792
- ISSN
0741-6261
- Publication type
Article
- DOI
10.1111/1756-2171.12424