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competitive market maker faces n risk neutral traders with unit demands or suppliers. It is private information whether any given …
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We analyse an economy where production is subject to moral hazard.
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This paper derives sufficient conditions for a class of games of complete information , such as first price auctions … private information about his own type (for example, a bidder's value for an object or a firm's marginal cost of production …
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This paper offers and tests a theory of training whereby workers do not pay for general training they receive.
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