An edition of Subgame perfect implementation with almost perfect information and the hold-up problem (2009)

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

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Subgame perfect implementation with almost pe ...
Philippe Aghion
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Last edited by MARC Bot
December 8, 2009 | History
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An edition of Subgame perfect implementation with almost perfect information and the hold-up problem (2009)

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

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"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.

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Publisher
National Bureau of Economic Research
Language
English

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Cover of: Subgame perfect implementation with almost perfect information and the hold-up problem
Subgame perfect implementation with almost perfect information and the hold-up problem
2009, National Bureau of Economic Research
Electronic resource in English
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Book Details

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.

Published in
Cambridge, MA
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
LCCN
2009656058

Source records

Library of Congress MARC record
Library of Congress MARC record

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October 29, 2020 Edited by MARC Bot import existing book
December 8, 2009 Created by ImportBot add works page