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Vicente Moreno-Garrido

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Preprint Sep 2026

Multi-Principal Competition for an Exclusive Agent: characterization and approximation of Nash Equilibria

This paper introduces and studies a Principal-Agent competition model in which two risk-neutral Principals compete to hire a single Agent. The Agent chooses to work exclusively for one Principal, making the Agent's reservation utility endogenous, as it is determined by the competing offers. We characterize the Nash equ...

L. Bricen͂o-Arias, Nicolás Hernández-Santibáñez, Vicente Moreno-Garrido · 0 citations

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