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Agency Equilibrium

14 Pages Posted: 13 Sep 2017 Last revised: 24 Oct 2017

Jonathan Newton

Independent

Date Written: June 22, 2017

Abstract

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.

Keywords: agency, equilibrium, individualism, collectivism

JEL Classification: C73

Suggested Citation

Newton, Jonathan, Agency Equilibrium (June 22, 2017). Available at SSRN: https://ssrn.com/abstract=3035248

Jonathan Newton (Contact Author)

Independent ( email )

No Address Available

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