Unmöglichkeitstheoreme bei asymmetrischer Information
AbstractThis paper illustrates in a simple model how the presence of asymmetric information can make it impossible to achieve ex post efficient trade decisions in negotiations.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 6934.
Date of creation: 2003
Date of revision:
Publication status: Published in Wirtschaftswissenschaftliches Studium 32.4(2003): pp. 239-242
Find related papers by JEL classification:
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Myerson, Roger B. & Satterthwaite, Mark A., 1983.
"Efficient mechanisms for bilateral trading,"
Journal of Economic Theory,
Elsevier, vol. 29(2), pages 265-281, April.
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