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Die Bedeutung von privater Information für Vertragsbeziehungen zwischen Käufern und Verkäufern

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  • Schmitz, Patrick W.
  • Sliwka, Dirk

Abstract

In this paper we discuss the role of private information in buyer - seller relationships. We distinguish between pre- and postcontractual asymmetric information. In each case, we discuss the role of the bargaining protocol and we explore whether it is possible to achieve the first-best outcome.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6941.

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Date of creation: 1998
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Publication status: Published in Homo Oeconomicus 2.XV(1998): pp. 233-243
Handle: RePEc:pra:mprapa:6941

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  1. Ewerhart, Christian & Schmitz, Patrick W., 1996. "Die theoretische Fundierung unvollständiger Verträge," MPRA Paper 6947, University Library of Munich, Germany.
  2. Myerson, Roger B. & Satterthwaite, Mark A., 1983. "Efficient mechanisms for bilateral trading," Journal of Economic Theory, Elsevier, Elsevier, vol. 29(2), pages 265-281, April.
  3. Rob, R., 1988. "Pollution Claim Settlements Under Private Information," Papers, Tel Aviv 19-88, Tel Aviv.
  4. d'Aspremont, Claude & Gerard-Varet, Louis-Andre, 1979. "Incentives and incomplete information," Journal of Public Economics, Elsevier, Elsevier, vol. 11(1), pages 25-45, February.
  5. Schmitz, Patrick W., 2002. "On the Interplay of Hidden Action and Hidden Information in Simple Bilateral Trading Problems," MPRA Paper 12531, University Library of Munich, Germany.
  6. Samuelson, William F, 1984. "Bargaining under Asymmetric Information," Econometrica, Econometric Society, Econometric Society, vol. 52(4), pages 995-1005, July.
  7. Schmitz, Patrick W, 1998. " Randomization in Coalition Contracts," Public Choice, Springer, Springer, vol. 94(3-4), pages 341-53, March.
  8. Schmitz, Patrick W., 1998. "On Randomization in Coalition Contracts," MPRA Paper 13446, University Library of Munich, Germany.
  9. Myerson, Roger B., 1982. "Optimal coordination mechanisms in generalized principal-agent problems," Journal of Mathematical Economics, Elsevier, vol. 10(1), pages 67-81, June.
  10. John G. Riley & Richard Zeckhauser, 1980. "Optimal Selling Strategies:," UCLA Economics Working Papers, UCLA Department of Economics 180, UCLA Department of Economics.
  11. Roger B. Myerson, 1978. "Optimal Auction Design," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 362, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  12. Ewerhart, Christian & Schmitz, Patrick W., 1997. "Ausgewählte Anwendungen der Theorie unvollständiger Verträge," MPRA Paper 6943, University Library of Munich, Germany.
  13. Mailath, George J & Postlewaite, Andrew, 1990. "Asymmetric Information Bargaining Problems with Many Agents," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 57(3), pages 351-67, July.
  14. Gresik, Thomas A. & Satterthwaite, Mark A., 1989. "The rate at which a simple market converges to efficiency as the number of traders increases: An asymptotic result for optimal trading mechanisms," Journal of Economic Theory, Elsevier, Elsevier, vol. 48(1), pages 304-332, June.
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