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Information revelation in markets with pairwise meetings: complete information revelation in dynamic analysis

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  • ISAAC, Tanguy

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Economics)

Abstract

We 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.

Suggested Citation

  • ISAAC, Tanguy, 2008. "Information revelation in markets with pairwise meetings: complete information revelation in dynamic analysis," LIDAM Discussion Papers CORE 2008017, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:2008017
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    More about this item

    Keywords

    information revelation; asymmetric information; decentralized trade.;
    All these keywords.

    JEL classification:

    • D49 - Microeconomics - - Market Structure, Pricing, and Design - - - Other
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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