Multi-Agent Contract Design beyond Binary Actions
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arXiv
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| Main Authors: | , , , |
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| Format: | Preprint |
| Published: |
2024
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| _version_ | 1866913238560538624 |
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| author | Cacciamani, Federico Bernasconi, Martino Castiglioni, Matteo Gatti, Nicola |
| author_facet | Cacciamani, Federico Bernasconi, Martino Castiglioni, Matteo Gatti, Nicola |
| contents | We study hidden-action principal-agent problems with multiple agents. Unlike previous work, we consider a general setting in which each agent has an arbitrary number of actions, and the joint action induces outcomes according to an arbitrary distribution. We study two classes of mechanisms: a class of deterministic mechanisms that is the natural extension of single-agent contracts, in which the agents play a Nash equilibrium of the game induced by the contract, and a class of randomized mechanisms that is inspired by single-agent randomized contracts and correlated equilibria. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2402_13824 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Multi-Agent Contract Design beyond Binary Actions Cacciamani, Federico Bernasconi, Martino Castiglioni, Matteo Gatti, Nicola Computer Science and Game Theory We study hidden-action principal-agent problems with multiple agents. Unlike previous work, we consider a general setting in which each agent has an arbitrary number of actions, and the joint action induces outcomes according to an arbitrary distribution. We study two classes of mechanisms: a class of deterministic mechanisms that is the natural extension of single-agent contracts, in which the agents play a Nash equilibrium of the game induced by the contract, and a class of randomized mechanisms that is inspired by single-agent randomized contracts and correlated equilibria. |
| title | Multi-Agent Contract Design beyond Binary Actions |
| topic | Computer Science and Game Theory |
| url | https://arxiv.org/abs/2402.13824 |