Reference

Andrea Attar, Eloisa Campioni, and Gwenaël Piaser, Competing Mechanisms, Exclusive Clauses and the Revelation Principle, February 2011.

Abstract

We consider multiple-principal multiple-agent games of incomplete information in which each agent can at most participate with one principal. In such contexts, we show that the restriction to direct truthful mechanisms involves a loss of generality, even if one only focuses on pure strategy equilibria. However, the traditional Revelation Principle retains its power in games with a single agent.

Keywords

Competing Mechanisms

JEL codes

  • D82: Asymmetric and Private Information • Mechanism Design