Abstract
We study a private-values buyer-seller problem with multiple objects. Valuations are binary and i.i.d. We construct mechanisms that span the set of all Pareto-efficient outcomes. The induced trading rules for objects are linked in a simple way.
Original language | English |
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Pages (from-to) | 503-512 |
Number of pages | 10 |
Journal | Games and Economic Behavior |
Volume | 71 |
Issue number | 2 |
DOIs | |
State | Published - 1 Mar 2011 |
Externally published | Yes |
Keywords
- Bargaining
- Bilateral trade
- Buyer-seller problem
- Mechanism design
- Multiple objects
- Private values
ASJC Scopus subject areas
- Finance
- Economics and Econometrics