Multi-Agent Contract Design beyond Binary Actions

Federico Cacciamani; Martino Bernasconi; Matteo Castiglioni; Nicola Gatti

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arXiv · 2402.13824

Multi-Agent Contract Design beyond Binary Actions

Federico Cacciamani·Martino Bernasconi·Matteo Castiglioni·Nicola Gatti

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Abstract

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.

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BibTeX RIS

Federico Cacciamani, Martino Bernasconi, Matteo Castiglioni, Nicola Gatti. 2024-02-21. Multi-Agent Contract Design beyond Binary Actions. https://arxiv.org/abs/2402.13824

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