scholarly journals A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment

Author(s):  
Hengjie Ai ◽  
Dana Kiku ◽  
Rui Li



2020 ◽  
Vol 76 (1) ◽  
pp. 317-356 ◽  
Author(s):  
HENGJIE AI ◽  
DANA KIKU ◽  
RUI LI ◽  
JINCHENG TONG




2021 ◽  
Vol 16 (4) ◽  
pp. 1655-1714
Author(s):  
Ran Eilat ◽  
Ady Pauzner

We study intermediaries who seek to maximize gains from trade in bilateral negotiations. Intermediaries are players: they cannot commit to act against their objective function and deny, in some cases, trade they believe to be beneficial. This impairs their ability to assist the parties relative to conventional mechanisms. We analyze this limited commitment environment as a standard mechanism design problem with an additional “credibility” constraint, requiring that every outcome be interim‐optimal conditional on available information. We investigate how such intermediaries communicate with the parties, analyze the tradeoffs they face, and study the bounds on what they can achieve.



2019 ◽  
Vol 67 (3) ◽  
pp. 711-730 ◽  
Author(s):  
Santiago R. Balseiro ◽  
Omar Besbes ◽  
Gabriel Y. Weintraub


Author(s):  
Laura Doval ◽  
Vasiliki Skreta






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