Desgranges, Gabriel; Geoffard, Pierre-Yves; Guesnerie, Roger - In: Journal of the European Economic Association 1 (2003) 1, pp. 124-153
A simple model with asymmetric information, in which inventory holders or traders submit demand curves to an auctioneer, has a unique partially revealing equilibrium. We wonder whether the agents can plausibly coordinate on this equilibrium through "eductive" reasoning relying on common...
