Search mechanisms
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Publication:1098748
zbMath0636.90006MaRDI QIDQ1098748
John McMillan, R. Preston McAfee
Publication date: 1988
Published in: Journal of Economic Theory (Search for Journal in Brave)
costly communicationmonopsonistoptimal procurement mechanismRevelation Principlesequential direct mechanismunobservable production costs
Related Items
Sequential selling mechanisms ⋮ Optimal search auctions ⋮ Participation in auctions ⋮ A simple model of price dispersion ⋮ Optimal search auctions with correlated bidder types ⋮ Sequential negotiations with costly information acquisition ⋮ Increasing threshold search for best-valued agents ⋮ Search from an unknown distribution: An explicit solution ⋮ Nonparametric search ⋮ Auctions with costly information acquisition ⋮ Coordination in auctions with entry
Cites Work
- Competitive bidding with entry costs
- Auctions with a stochastic number of bidders
- On the difficulty of eliciting summary information
- Optimal coordination mechanisms in generalized principal-agent problems
- Duration of offers, price structure, and the gain from search
- Equilibrium Price Dispersion
- Search and Optimal Sample Sizes
- Optimal Search
- Optimal Auctions with Risk Averse Buyers
- Strategic Search Theory
- A Theory of Auctions and Competitive Bidding
- Optimal Auction Design
