Ausubel, Lawrence M; Deneckere, Raymond J - In: Review of Economic Studies 60 (1993) 2, pp. 435-61
Suppose that a seller and a buyer have private valuations for a good and that their respective utilities from a trading mechanism are given by u(subscript 's') and u(subscript 'b'). Consider the problem of maximizing E[('lambda')u(subscript 's') + (1 - 'lambda')u(subscript 'b')] for some weight...