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Common agency games: Indifference and separable preferences
- A. Attar, Dipjyoti Majumdar, Gwenaël Piaser, Nicolás Porteiro
- Economics, Computer Science
- Math. Soc. Sci.
- 1 July 2008
This paper examines the role of direct mechanisms in common agency games. We focus on deterministic contracts and show how the introduction of a separability condition on the preferences of the agent… Expand
Multiple Lending and Constrained Efficiency in the Credit Market
This paper studies the relationship between competition and incentives in an economy with financial contracts. We concentrate on non-exclusive credit relationships, those where an entrepreneur can… Expand
Multiple Lenders, Strategic Default and the role of Debt Covenants
This paper investigates the relationship between competition and contract design in capital markets subject to moral hazard. We consider the stylized representation of the capital market introduced… Expand
On Moral Hazard and Nonexclusive Contracts
We study an economy where intermediaries compete over contracts in a nonexclusive insurance market affected by moral hazard. In this context, we show that, contrarily to what is commonly believed,… Expand
Non-Exclusive Competition Under Adverse Selection
Consider a seller of a divisible good, facing several identical buyers. The quality of the good may be low or high, and is the seller's private information. The seller has strictly convex preferences… Expand
Common Agency Games with Separable Preferences
This paper examines the role of the revelation principle in common agency games. We show how the introduction of a separability condition on the preferences of the agent is sufficient for the… Expand
Non-Exclusive Competition in the Market for Lemons
We consider an exchange economy in which a seller can trade an endowment of a divisible good whose quality she privately knows. Buyers compete in menus of non-exclusive contracts, so that the seller… Expand
EVALUATION OF REALIZATION RATE OF UNDER CURRICULUM AT TEHRAN’S UNIVERSITIES SCHOOL OF DENTISTRY FROM 2001-2005
Background and Aim: Considering the number of dental graduates and the increasing trend of their concerns and goals of the educational program, a lack of information about This, and its related… Expand
Costly State Verification and Debt Contracts: A Critical Resume
This paper presents a critical review of the role of the Costly State Verification framework in financial contracting.