期刊名称:Discussion Papers / Department of Economics, University of Essex
出版年度:2004
卷号:2004
出版社:University of Essex
摘要:We analyze situations where a player must contract with the monopoly supplier of
an essential input in order to play an action in a strategic form game. Supplier
monopoly power does not distort the equilibrium distribution over player actions
under private contracting, but may dramatically affect the equilibrium actions
under public contracting. When a player randomizes between actions, suppliers
for the different actions behave as though they are producing perfect
substitutes when contracts are private; when contracts are public, it is as
though they are producing perfect complements.