Contract and Game Theory: Basic Concepts for Settings with Finite Horizons
This paper examines a general model of contract in multi-period settings with both external and self-enforcement. In the model, players alternately engage in contract negotiation and take individual actions. A notion of contractual equilibrium, which combines a bargaining solution and individual inc...
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| Format: | Article |
| Language: | English |
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MDPI AG
2013-08-01
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| Series: | Games |
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| Online Access: | http://www.mdpi.com/2073-4336/4/3/457 |