From private to public common agency

Etienne Billette de Villemeur (1, 2, 3) , Bruno Versaevel (4, 5)

1 UT - Université de Toulouse
2 IDEI - Institut d'Economie Industrielle
3 GREMAQ - Groupe de recherche en économie mathématique et quantitative
4 EM - EMLyon Business School
5 GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne

This note establishes that two propositions in the theory of private common agency by Laussel and Le Breton (J. Econ. Theory 100 (2001) 93) extend to a larger class of games, in which each principal's gross monetary payoff does not depend exclusively on the quantities she receives. A new result is offered to demonstrate that Proposition 4.3 is robust to the introduction of negative externalities. An existing result is reinterpreted to show that Proposition 4.2 is robust to the introduction of positive externalities.

Domaines: Economies et finances; Gestion et management

Etienne Billette de Villemeur, Bruno Versaevel. From private to public common agency. Journal of Economic Theory, 2003, 111 (2), 305-309 p. ⟨10.1016/S0022-0531(03)00077-2⟩. ⟨hal-02311683⟩