Eeckhout, Jan; Kircher, Philipp - London School of Economics (LSE) - 2010
its features crucially affect the equilibrium mechanism. Price posting prevails when meetings are rival, i.e., when a … meeting by one buyer reduces another buyer's meeting probability. Under price posting buyers reveal their type by sorting ex …-ante. Only if the meeting technology is sufficiently non-rival, price posting is not an equilibrium. Multiple buyer types then …