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Agency Equilibrium

Author

Listed:
  • Jonathan Newton

    (Institute of Economic Research, Kyoto University, Sakyo-ku, Kyoto 606-8501, Japan)

Abstract

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.

Suggested Citation

  • Jonathan Newton, 2019. "Agency Equilibrium," Games, MDPI, vol. 10(1), pages 1-15, March.
    • Handle: RePEc:gam:jgames:v:10:y:2019:i:1:p:14-:d:213728
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    References listed on IDEAS

    as
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