Information revelation in markets with pairwise meetings: complete information revelation in dynamic analysis
AbstractWe study information revelation in markets with pairwise meetings. We focus on the one-sided case and perform a dynamic analysis of a constant entry flow model. The same question has been studied in an identical framework in Serrano and Yosha (1993) but they limit their analysis to the stationary steady states. Blouin and Serrano (2001) study information revelation in a one-time entry model and obtain results different than Serrano and Yosha (1993). We establish that the main difference is not due to the steady state analysis but is due to the differences concerning the entry assumption.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2008017.
Date of creation: 01 Mar 2008
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information revelation; asymmetric information; decentralized trade.;
Find related papers by JEL classification:
- D49 - Microeconomics - - Market Structure and Pricing - - - Other
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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