AN EXPERIMENTAL EXAMINATION OF COMMON AGENCY

An equilibrium solution is developed for a common-agency game that is used to study the structure of regulatory bureaucracy. Contrary to existing results, this equilibrium maintains powerful incentives for the agent. An experiment is conducted to test the competing hypotheses. The implications of common-agency on reciprocity are also examined.


Issue Date:
2002
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19876
Total Pages:
10
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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