可定义与可签约的合同

Definable and Contractible Contracts

Econometrica · 2012
被引 56
人大 A+FT50ABS 4*

中文导读

研究贝叶斯标准型博弈中玩家可写合同约束彼此行动,要求合同用形式语言表示,并完全刻画了纯策略贝叶斯均衡下可支持的分配集合,信息完全时得到民间定理。

Abstract

This paper analyzes Bayesian normal form games in which players write contracts that condition their actions on the contracts of other players. These contracts are required to be representable in a formal language. This is accomplished by constructing contracts which are definable functions of the Godel code of every other player's contract. We provide a complete characterization of the set of allocations supportable as pure-strategy Bayesian equilibria of this contracting game. When information is complete, this characterization provides a folk theorem. In general, the set of supportable allocations is smaller than the set supportable by a centralized mechanism designer.

可定义契约可契约博弈贝叶斯均衡民间定理