Efficient Equilibrium Contracts in Two-Player Games

概要

論文の詳細を見る
We analyze two-player two-stage games where players may make binding offers of schemes for side payment acceptance (or rejection) as well as those for side payments before choosing actions. Each agent's receipt scheme depends on the other's transfer scheme, but each agent's transfer scheme does not depend on the other's receipt scheme. We find that any set of efficient actions maximizing the total payoff is played on an equilibrium path of the two-stage game even with such partially interdependent bilateral side contracts, when players are only two and there is a pure Nash equilibrium in the underlying game (the second stage game without side contracts).
札幌大学の論文