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 |
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Article number | 108966 |
Journal | Economics Letters |
Volume | 188 |
DOIs | |
Publication status | Published - 2020 Mar |
Keywords
- Contingent contracts
- Dominant strategies
- Implementation
- Linear contracts
ASJC Scopus subject areas
- Finance
- Economics and Econometrics