Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93844
Authors: 
Strausz, Roland
Year of Publication: 
2010
Series/Report no.: 
SFB/TR 15 Discussion Paper 322
Abstract: 
This note relates the mechanisms that are based on mediated contracts of Rahman and Obara (2010) to the mechanisms of Myerson (1982). It shows that the mechanisms in Myerson (1982) are more general in that they encompass the mechanisms based on mediated contracts. It establishes an equivalence between the two classes if mediated contracts are allowed to be stochastic.
Subjects: 
mediatedcontract
mechanismdesign
revelationprinciple
moralhazard
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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