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December 8, 2009 | History

Subgame perfect implementation with almost perfect information and the hold-up problem 1 edition

Subgame perfect implementation with almost perfect information and the ...
Philippe Aghion

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Subgame perfect implementation with almost perfect information and the hold-up problem
Philippe Aghion, Drew Fudenberg, Richard T. Holden.

Published 2009 by National Bureau of Economic Research in Cambridge, MA .
Written in English.

About the Book

"The foundations of incomplete contracts have been questioned using or extending the subgame perfect implementation approach of Moore and Repullo (1988). We consider the robustness of subgame perfect implementation to the introduction of small amounts of asymmetric information. We show that Moore- Repullo mechanisms may not yield (even approximately) truthful revelation in pure or totally mixed strategies as the amount of asymmetric information goes to zero. Moreover, we argue that a wide class of extensive-form mechanisms are subject to this fragility"--National Bureau of Economic Research web site.

Edition Notes

Title from PDF file as viewed on 8/18/2009.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
NBER working paper series -- working paper 15167, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15167.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL23683770M
LC Control Number
2009656058

History Created December 8, 2009 · 1 revision Download catalog record: RDF / JSON

December 8, 2009 Created by ImportBot add works page