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Unmöglichkeitstheoreme bei asymmetrischer Information

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Listed:
  • Schmitz, Patrick W.

Abstract

This 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.

Suggested Citation

  • Schmitz, Patrick W., 2003. "Unmöglichkeitstheoreme bei asymmetrischer Information," MPRA Paper 6934, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:6934
    as

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    File URL: https://mpra.ub.uni-muenchen.de/6934/1/MPRA_paper_6934.pdf
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    References listed on IDEAS

    as
    1. 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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    More about this item

    JEL classification:

    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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