Optimal bilateral trade of multiple objects

Ran Eilat; Ady Pauzner

doi:10.1016/j.geb.2010.04.005

Optimal bilateral trade of multiple objects

Research output: Contribution to journal › Article › peer-review

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
Pages (from-to)	503-512
Number of pages	10
Journal	Games and Economic Behavior
Volume	71
Issue number	2
DOIs	https://doi.org/10.1016/j.geb.2010.04.005
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

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10.1016/j.geb.2010.04.005

Cite this

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title = "Optimal bilateral trade of multiple objects",

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.",

keywords = "Bargaining, Bilateral trade, Buyer-seller problem, Mechanism design, Multiple objects, Private values",

author = "Ran Eilat and Ady Pauzner",

year = "2011",

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doi = "10.1016/j.geb.2010.04.005",

language = "English",

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journal = "Games and Economic Behavior",

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T1 - Optimal bilateral trade of multiple objects

AU - Eilat, Ran

AU - Pauzner, Ady

PY - 2011/3/1

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N2 - 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.

AB - 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.

KW - Bargaining

KW - Bilateral trade

KW - Buyer-seller problem

KW - Mechanism design

KW - Multiple objects

KW - Private values

UR - https://www.scopus.com/pages/publications/79951949689

U2 - 10.1016/j.geb.2010.04.005

DO - 10.1016/j.geb.2010.04.005

M3 - Article

AN - SCOPUS:79951949689

SN - 0899-8256

VL - 71

SP - 503

EP - 512

JO - Games and Economic Behavior

JF - Games and Economic Behavior

IS - 2

ER -

Optimal bilateral trade of multiple objects

Abstract

Keywords

ASJC Scopus subject areas

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