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Incitations et information corrélée : conséquences sur l'organisation des marchés publics

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  • Lionel Thomas
  • Claude Jessua

Abstract

[eng] This paper is an application to "marchés à commandes" of McAfee-Reny's result showing that rent extraction from informed agent is possible with correlated information. We determine sufficient conditions to lead efficient solution in this public market when we use temporal correlation as ex-post information. [fre] Cet article est l'application au marché à commandes du résultat de McAfee et Reny montrant que la rente informationnelle de la partie informée dans un méca­nisme incitatif pouvait être éliminée en présence de corrélation des variables de sélection adverse. On détermine ainsi les conditions pour lesquelles une alloca­tion de premier rang dans ce type de marché est atteinte lorsqu'on utilise la dépendance temporelle comme une information ex-post.

Suggested Citation

  • Lionel Thomas & Claude Jessua, 1996. "Incitations et information corrélée : conséquences sur l'organisation des marchés publics," Revue Économique, Programme National Persée, vol. 47(3), pages 457-466.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1996_num_47_3_409781
    DOI: 10.3406/reco.1996.409781
    Note: DOI:10.3406/reco.1996.409781
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    References listed on IDEAS

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    1. Baron, David P. & Besanko, David, 1984. "Regulation and information in a continuing relationship," Information Economics and Policy, Elsevier, vol. 1(3), pages 267-302.
    2. Riordan, Michael H. & Sappington, David E. M., 1988. "Optimal contracts with public ex post information," Journal of Economic Theory, Elsevier, vol. 45(1), pages 189-199, June.
    3. McAfee, R Preston & Reny, Philip J, 1992. "Correlated Information and Mechanism Design," Econometrica, Econometric Society, vol. 60(2), pages 395-421, March.
    4. Riordan, Michael H & Sappington, David E M, 1987. "Awarding Monopoly Franchises," American Economic Review, American Economic Association, vol. 77(3), pages 375-387, June.
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