Optimal robust bilateral trade : risk neutrality
Abstract
A risk neutral seller and buyer with private information bargain over an indivisible item. We prove that optimal robust bilateral trade mechanisms are payoff equivalent to non-wasteful randomized posted prices.
Citation
Čopič , J & Ponsati Obiols , C 2016 , ' Optimal robust bilateral trade : risk neutrality ' , Journal of Economic Theory , vol. 163 , pp. 276-287 . https://doi.org/10.1016/j.jet.2015.11.008
Publication
Journal of Economic Theory
Status
Peer reviewed
ISSN
0022-0531Type
Journal article
Rights
Copyright © 2015 Published by Elsevier Inc. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at http://dx.doi.org/10.1016/j.jet.2015.11.008
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