Implementability with contingent contracts

Kiho Yoon

doi:10.1016/j.econlet.2020.108966

Implementability with contingent contracts

Kiho Yoon

Department of Economics

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

Abstract

We establish the equivalence of implementability by a contingent contract, implementability by a linear contract, acyclicity, and scaled cycle monotonicity when the type space is a compact metric space. We employ graph-theoretic arguments.

Original language	English
Article number	108966
Journal	Economics Letters
Volume	188
DOIs	https://doi.org/10.1016/j.econlet.2020.108966
Publication status	Published - 2020 Mar

Keywords

Contingent contracts
Dominant strategies
Implementation
Linear contracts

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2020.108966

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title = "Implementability with contingent contracts",

abstract = "We establish the equivalence of implementability by a contingent contract, implementability by a linear contract, acyclicity, and scaled cycle monotonicity when the type space is a compact metric space. We employ graph-theoretic arguments.",

keywords = "Contingent contracts, Dominant strategies, Implementation, Linear contracts",

author = "Kiho Yoon",

note = "Funding Information: I thank the anonymous referee for invaluable comments and suggestions. This work was supported by a Korea University Grant (K1911191). Publisher Copyright: {\textcopyright} 2020 Elsevier B.V.",

year = "2020",

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doi = "10.1016/j.econlet.2020.108966",

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N1 - Funding Information: I thank the anonymous referee for invaluable comments and suggestions. This work was supported by a Korea University Grant (K1911191). Publisher Copyright: © 2020 Elsevier B.V.

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AB - We establish the equivalence of implementability by a contingent contract, implementability by a linear contract, acyclicity, and scaled cycle monotonicity when the type space is a compact metric space. We employ graph-theoretic arguments.

KW - Contingent contracts

KW - Dominant strategies

KW - Implementation

KW - Linear contracts

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DO - 10.1016/j.econlet.2020.108966

M3 - Article

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SN - 0165-1765

VL - 188

JO - Economics Letters

JF - Economics Letters

M1 - 108966

ER -

Implementability with contingent contracts

Abstract

Keywords

ASJC Scopus subject areas

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