Competing mechanisms
本文解释竞争机制文献中一个复杂抽象问题:竞争环境下代理人类型难以概念化,因为它依赖于代理人掌握的市场其他部分信息,并说明文献如何“解决”这一实际问题。
Abstract The recent literature on competing mechanisms has devoted a lot of effort at understanding a very complex and abstract issue. In particular, an agent's type in a competitive environment is hard to conceptualize because it depends on information the agent has about what is going on in the rest of the market. This paper explains why this is such an important practical problem and illustrates how the literature has “solved” it.