Arbeitspapier
Informed-Principal Problem in Mechanisms with Limited Commitment
This paper studies mechanism design with limited commitment where agents have correlated persistent types over the infinite horizon. The mechanism designer now faces the informed-principal problem in addition to usual issues with i.i.d. types. The paper first shows revelation principle in this context then shows sufficient conditions for obtaining full-commitment solutions with limited commitment.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 7513
- Classification
-
Wirtschaft
- Subject
-
mechanism design
limited commitment
revelation principle
informed-principal problem
persistence
correlated types
- Event
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Geistige Schöpfung
- (who)
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Kwon, Suehyun
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2019
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kwon, Suehyun
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2019
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