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| Gwenael Piaser |
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| ''Stochastic and deterministic menus in common agency games'' |
| ( 2005, Vol. 4 No.11 ) |
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| In this note, we argue that in Common Agency games the restriction todeterministic menus is critical. We give an simple example, with complete information and no moral hazard,where an equilibrium is not robust to the introduction of stochastic menus. |
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| Keywords: Delegation Principle |
JEL: D8 - Information, Knowledge, and Uncertainty: General
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| Manuscript Received : Sep 23 2005 | | Manuscript Accepted : Sep 23 2005 |
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