Agency equilibrium (Q2183990)

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scientific article; zbMATH DE number 7205628
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    Agency equilibrium
    scientific article; zbMATH DE number 7205628

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      Agency equilibrium (English)
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      27 May 2020
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      Summary: Agency may be exercised by different entities (e.g., individuals, firms, households). A given individual can form part of multiple agents (e.g., he may belong to a firm and a household). The set of agents that act in a given situation might not be common knowledge. We adapt the standard model of incomplete information to model such situations.
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      agency
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      equilibrium
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      individualism
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      collectivism
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