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
Collections
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