Endogenous mechanisms and Nash equilibrium in competitive contracting games

DOI10.1016/J.JMATECO.2008.05.003MaRDI QIDQ1039734zbMATH OpenOpenAlexFDO

Authors Paulo Monteiro, Frank H. jun. Page

Publication date 23 November 2009

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2008.05.003

zbMATH Keywords

catalog gamescommon agency with adverse selectioncompetitive contractingdiscontinuous gamesendogenous contracting mechanismexistence of Nash equilibrium

Mathematics Subject Classification ID

Noncooperative games (91A10)

Review text

Consider a market game where firms compete using catalogs as strategies. When firms move sequentially in such a game, the resulting game is discontinuous, thus challenging the existence of Nash equilibrium. This paper gives sufficient conditions for the existence of Nash equilibrium in the catalog. Executive compensation contracts are given as an example of catalog strategy.

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Cites work

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• scientific article; zbMATH DE number 2067959 (Why is no real title available?)
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Cited in

(11)

• Games played in a contracting environment
• Multiproduct price competition with heterogeneous consumers and nonconvex costs
• Endogeneity of alternating offers in a bargaining game
• Three principles of competitive nonlinear pricing.
• Delegation principle for multi-agency games under ex post equilibrium
• Existence of equilibrium in common agency games with adverse selection
• Catalog competition and Nash equilibrium in nonlinear pricing games
• Endogenous Games and Mechanisms: Side Payments Among Players
• Markets for contracts: Experiments exploring the compatibility of games and markets for games
• Reciprocal contracting
• Catalog competition and stable nonlinear prices

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