Decentralized information and the Walrasian outcome: A pairwise meetings market with private values. (Q1867764): Difference between revisions
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Decentralized information and the Walrasian outcome: A pairwise meetings market with private values. |
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Decentralized information and the Walrasian outcome: A pairwise meetings market with private values. (English)
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2 April 2003
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The paper studies the equilibrium behaviour in a one-time entry market for a single indivisible good, where buyers and sellers, privately informed regarding their valuation for the good, are randomly matched, bargain and in the event of agreement, trade and exit the market.
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decentralised markets
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auctions
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bargaining
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