Endogenous Games and Mechanisms: Side Payments Among Players
研究玩家在博弈前可进行策略性侧支付时，博弈结果的特征，发现即使信息完全且签约无成本，也不总能实现效率，并用公共品、寡头等例子说明。
We characterize the outcomes of games when players may make binding offers of strategy contingent side payments before the game is played. This does not always lead to efficient outcomes, despite complete information and costless contracting. The characterizations are illustrated in a series of examples, including voluntary contribution public good games, Cournot and Bertrand oligopoly, principal–agent problems, and commons games, among others.