Implementation of optimal contracts under adverse selection (Q5944739)

The authors analyse a 2-agent, 2-type principal-multiagent model of adverse selection under the assumption that the agents each have complete information. The aim of this paper is to find natural mechanisms associated with the new principal-multiagents model introduced. More specifically, the authors have considered for this model five important issues: ``individual rationality'', ``renegotiation-proofness'', ``finite mechanism'', ``unique implemetation'' and ``undomination of Nash Equilibria''.