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文章基本信息

  • 标题:Bilateral Commitment
  • 本地全文:下载
  • 作者:Sophie Bade ; Guillaume Haeringer ; Ludovic Renou
  • 期刊名称:Discussion Papers / University of Leicester, Department of Economics
  • 出版年度:2008
  • 卷号:2008
  • 出版社:Leicester
  • 摘要:

    We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of implementable profiles and provide a simple method to find them. Profiles implementable by bilateral commitments are shown to be generically inefficient. Surprisingly, allowing for gradualism (i.e., step by step commitment) does not change the set of implementable profiles.

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