COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY
Box 2125, Yale Station
New Haven, Connecticut 06520
COWLES FOUNDATION DISCUSSION PAPER NO. 1206 Note: Cowles Foundation Discussion Papers are preliminary materials circulated to stimulate discussion and critical comment.
Requests for single copies of a Paper will be filled by the
Cowles Foundation within the limits of the supply. References
in publications to Discussion Papers (other than mere acknowledgment by a writer that he has access to such unpublished material) should be cleared with the author to protect the tentative character of the papers.
DYNAMIC COMMON AGENCY
甘蔗炖羊肉
Dirk Bergemann and Juuso Välimäki
December 1998
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