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Agency in a market setting. (English) Zbl 0800.90343
MSC:
91B26 Auctions, bargaining, bidding and selling, and other market models
91A40 Other game-theoretic models
91B50 General equilibrium theory
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References:
[1] Biglaiser, G., and Mezzetti, C. (1992): ?Principals Competing for an Agent in the Presence of Adverse Selection and Moral Hazard.? Working Paper, University of North Carolina. · Zbl 0790.90021
[2] Christensen, J. (1981): ?Communication in Agencies.?Bell Journal of Economics 12: 661-674. · doi:10.2307/3003580
[3] Foster, J., and Wan, H. (1984): ?Involuntary Unemployment as a Principal-Agent Equilibrium.?American Economic Review 74: 476-484.
[4] Foster, J. (1987): ?Competition Restores Efficiency.? Mimeo, Cornell University.
[5] Gale, D. (1992): ?A Walrasian Theory of Markets with Adverse Selection.?Review of Economic Studies 59: 229-255. · Zbl 0751.90014 · doi:10.2307/2297953
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[8] Hermalin, B. (1992): ?The Effects of Competition on Executive Behavior.?Rand Journal of Economics 23: 350-365. · doi:10.2307/2555867
[9] McAfee, R. P., and McMillan, J. (1987): ?Competition for Agency Contracts.?Rand Journal of Economics 18: 296-307. · doi:10.2307/2555554
[10] Melumad, N., and Reichelstein, S. (1989): ?Value of Communication in Agencies.?Journal of Economic Theory 47: 334-368. · Zbl 0669.90002 · doi:10.1016/0022-0531(89)90023-9
[11] Osborne, M., and Rubinstein, A. (1990):Bargaining and Markets. San Diego: Academic Press. · Zbl 0790.90023
[12] Sappington, D. (1984): ?Incentive Contracting with Asymmetric and Imperfect Precontractual Knowledge.?Journal of Economic Theory 34: 52-70. · Zbl 0542.90021 · doi:10.1016/0022-0531(84)90161-3
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