Mediated partnerships

David Rahman, Ichiro Obara

Research output: Contribution to journalArticle

17 Scopus citations

Abstract

This paper studies partnerships that employ a mediator to improve their contractual ability. Intuitively, profitable deviations must be attributable, that is, there must be some group behavior such that an individual can be statistically identified as innocent, to provide incentives in partnerships. Mediated partnerships add value by effectively using different behavior to attribute different deviations. As a result, mediated partnerships are necessary to provide the right incentives in a wide range of economic environments.

Original languageEnglish (US)
Pages (from-to)285-308
Number of pages24
JournalEconometrica
Volume78
Issue number1
DOIs
StatePublished - Jan 1 2010

Keywords

  • Mediated contracts
  • Partnerships
  • Private monitoring

Fingerprint Dive into the research topics of 'Mediated partnerships'. Together they form a unique fingerprint.

  • Cite this