Template-Type: ReDIF-Paper 1.0
Author-Name: Jacopo Bizzotto
Author-Name-First: Jacopo
Author-Name-Last: Bizzotto
Author-Workplace-Name: Oslo Business School, Oslo Metropolitan University
Author-Name: Toomas Hinnosaar
Author-Name-First: Toomas
Author-Name-Last: Hinnosaar
Author-Workplace-Name: University of Nottingham
Author-Name: Adrien Vigier
Author-Name-First: Adrien
Author-Name-Last: Vigier
Author-Workplace-Name: University of Oxford
Title: The Limits of Commitment
Abstract: We study partial commitment in leader-follower games. A collection of subsets covering the leader's action space determines her commitment opportunities. We characterize the outcomes resulting from all possible commitment structures of this kind. If the commitment structure is an interval partition, then the leader's payoff is bounded by the payoffs she obtains under the full and no-commitment benchmarks. We apply our results to study new design problems. 
Creation-Date: 2022-05-11
File-URL: https://doi.org/10.48550/arXiv.2205.05546
File-Format: text/html
DOI: 10.48550/arXiv.2205.05546
Handle: RePEc:oml:wpaper:202206