COMMON AGENCY WITH ADVERSE SELECTION - EXISTENCE, UNIQUENESS, AND EFFICIENCY OF SEPARATION EQUILIBRIUM

被引:0
|
作者
BERKOK, UG
机构
[1] Université de Montréal, Montréal
关键词
D O I
10.1016/0165-1765(90)90080-K
中图分类号
F [经济];
学科分类号
02 ;
摘要
A model of common agency under adverse selection is analysed. We determine the conditions under which a separation equilibrium of the non-cooperative game exists and is unique. This equilibrium can be obtained at minimum cost. © 1990.
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页码:319 / 323
页数:5
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