Endogenous games and mechanisms : side payments among players /

We characterize the outcomes of games when players may make binding oÆers of strategy contingent side payments before the game is played. This does not always lead to effcient outcomes, despite complete information and costless contracting. The characterizations are illustrated in a series of examp...

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Bibliographic Details
Main Author: Jackson, Matthew O., 1962-
Other Authors: Wilkie, Simon
Format: Book
Language:Spanish
Published: Buenos Aires : Instituto y Universidad Torcuato Di Tella, 2001
Series:Serie seminarios ; no. 21 / 2001
Subjects:
Online Access:http://econwpa.repec.org/eps/mic/papers/0211/0211008.pdf