Games Played Through Agents
研究多个委托人和多个共同代理人之间的完全信息博弈，分析纯策略均衡的存在性及效率条件，发现通过代理人进行的博弈会产生独特的策略性低效率。
We introduce a game of complete information with multiple principals and multiple common agents. Each agent makes a decision that can affect the payoffs of all principals. Each principal offers monetary transfers to each agent conditional on the action taken by the agent. We characterize pure-strategy equilibria and we provide conditions—in terms of game balancedness—for the existence of an equilibrium with an efficient outcome. Games played through agents display a type of strategic inefficiency that is absent when either there is a unique principal or there is a unique agent.