Decentralized information and the Walrasian outcome: A pairwise meetings market with private values. (Q1867764)

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scientific article; zbMATH DE number 1891738
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    Decentralized information and the Walrasian outcome: A pairwise meetings market with private values.
    scientific article; zbMATH DE number 1891738

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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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