Optimal bilateral trade of multiple objects
AbstractWe study a private-values buyer-seller problem with multiple objects. Valuations are binary and i.i.d. We construct mechanisms that span the set of all Pareto-efficient outcomes. The induced trading rules for objects are linked in a simple way.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 71 (2011)
Issue (Month): 2 (March)
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Web page: http://www.elsevier.com/locate/inca/622836
Bilateral trade Multiple objects Buyer-seller problem Bargaining Mechanism design Private values;
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