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Agency Equilibrium

Institute of Economic Research, Kyoto University, Sakyo-ku, Kyoto 606-8501, Japan
I thank Françoise Forges, Atsushi Kajii and Toru Suzuki for comments on earlier drafts, and Rajiv Vohra for suggesting some relevant reading.
Games 2019, 10(1), 14;
Received: 13 February 2019 / Accepted: 10 March 2019 / Published: 14 March 2019
(This article belongs to the Special Issue Social Norm and Risk Attitudes)
PDF [288 KB, uploaded 14 March 2019]


Agency may be exercised by different entities (e.g., individuals, firms, households). A given individual can form part of multiple agents (e.g., he may belong to a firm and a household). The set of agents that act in a given situation might not be common knowledge. We adapt the standard model of incomplete information to model such situations. View Full-Text
Keywords: agency; equilibrium; individualism; collectivism agency; equilibrium; individualism; collectivism

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Newton, J. Agency Equilibrium. Games 2019, 10, 14.

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