Search mechanisms

MaRDI QIDQ1098748zbMATH OpenFDO

Authors R. Preston McAfee, John McMillan

Publication date 1988

Published in Journal of Economic Theory (Search for Journal in Brave)

zbMATH Keywords

costly communicationmonopsonistoptimal procurement mechanismRevelation Principlesequential direct mechanismunobservable production costs

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• A Theory of Auctions and Competitive Bidding
• Auctions with a stochastic number of bidders
• Competitive bidding with entry costs
• Duration of offers, price structure, and the gain from search
• Equilibrium Price Dispersion
• On the difficulty of eliciting summary information
• Optimal Auction Design
• Optimal Auctions with Risk Averse Buyers
• Optimal Search
• Optimal coordination mechanisms in generalized principal-agent problems
• Search and Optimal Sample Sizes
• Strategic Search Theory

Cited in

(16)

• Search from an unknown distribution: An explicit solution
• Optimal search auctions with correlated bidder types
• A simple model of price dispersion
• Sequential negotiations with costly information acquisition
• Coordination in auctions with entry
• Optimal search auctions
• Participation in auctions
• Auctions with costly information acquisition
• Nonparametric search
• Increasing threshold search for best-valued agents
• Physical search
• Monotonicity in direct revelation mechanisms
• Sequential selling mechanisms
• Human-guided search
• Search combinators
• Duality in procurement design

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