Narrow search
Showing 1 - 3 of 3
Cover Image
Private Information in Markets: A Market Design Perspective
Rostek, Marzena; Yoon, Ji Hee - NET Institute - 2013
This paper studies the impact of heterogeneity in interdependence of trader values on price inference and welfare. A model of double auction with quasilinear-quadratic utilities is introduced that allows for arbitrary Gaussian information structures. With heterogeneous interdependence, some...
Persistent link: https://www.econbiz.de/10010698671
Cover Image
Collusion and the political differentiation of newspapers
Antonielli, Marco; Filistrucchi, Lapo - NET Institute - 2011
prices and advertising tariffs. We build on the work of Gabszewicz, Laussel and Sonnac (2001, 2002), whose model we take as …), cover prices are positive and the minimal differentiation outcome does not depend on the size of the advertising market. We … to cooperate in setting cover prices and advertising tariffs but not the editorial line …
Persistent link: https://www.econbiz.de/10010905448
Cover Image
Information Aggregation and Innovation in Market Design
Ollar, Mariann; Rostek, Marzena - NET Institute - 2011
The literature on information aggregation predicts that market growth unambiguously reduces uncertainty about the value of traded goods. The results were developed within the classical model, which assumes that traders’ values for the exchanged good are determined by fundamental (common)...
Persistent link: https://www.econbiz.de/10010905451