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Mechanism Design with Limited Information : The Case of Nonlinear Pricing
Bergemann, Dirk - 2010
We analyze the canonical nonlinear pricing model with limited information. A seller offers a menu with a finite number of choices to a continuum of buyers with a continuum of possible valuations. By revealing an underlying connection to quantization theory, we derive the optimal finite menu for...
Persistent link: https://www.econbiz.de/10013135503
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Multi-Dimensional Mechanism Design with Limited Information
Bergemann, Dirk; Shen, Ji; Xu, Yun; Yeh, Edmund M. - 2012
We analyze a nonlinear pricing model with limited information. Each buyer can purchase a large variety, d, of goods. His preference for each good is represented by a scalar and his preference over d goods is represented by a d-dimensional vector. The type space of each buyer is given by a...
Persistent link: https://www.econbiz.de/10014170574
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Mechanism Design with Limited Information: The Case of Nonlinear Pricing
Bergemann, Dirk; Shen, Ji; Xu, Yun; Yeh, Edmund M. - Cowles Foundation for Research in Economics, Yale University - 2010
We analyze the canonical nonlinear pricing model with limited information. A seller offers a menu with a finite number of choices to a continuum of buyers with a continuum of possible valuations. By revealing an underlying connection to quantization theory, we derive the optimal finite menu for...
Persistent link: https://www.econbiz.de/10008752834
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Nonlinear Pricing with Finite Information
Bergemann, Dirk; Shen, Ji; Xu, Yun; Yeh, Edmund M. - Cowles Foundation for Research in Economics, Yale University - 2015
We analyze nonlinear pricing with finite information. A seller offers a menu to a continuum of buyers with a continuum of possible valuations. The menu is limited to offering a finite number of choices representing a finite communication capacity between buyer and seller. We identify necessary...
Persistent link: https://www.econbiz.de/10011124281
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Multi-dimensional Mechanism Design with Limited Information
Bergemann, Dirk; Shen, Ji; Xu, Yun; Yeh, Edmund M. - Cowles Foundation for Research in Economics, Yale University - 2012
We analyze a nonlinear pricing model with limited information. Each buyer can purchase a large variety, d, of goods. His preference for each good is represented by a scalar and his preference over d goods is represented by a d-dimensional vector. The type space of each buyer is given by a...
Persistent link: https://www.econbiz.de/10010895638
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Financial intermediation chains in an OTC market
Shen, Ji; Wei, Bin; Yan, Hongjun - 2018
This paper analyzes financial intermediation chains in a search model with an endogenous intermediary sector. We show … that the chain length and price dispersion among interdealer trades are decreasing in search cost, search speed, and market … consistent with these predictions. Moreover, as search speed approaches infinity, the search equilibrium does not always converge …
Persistent link: https://www.econbiz.de/10012030281
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Financial intermediation chains in an over-the-counter market
Shen, Ji; Wei, Bin; Yan, Hongjun - In: Management science : journal of the Institute for … 67 (2021) 7, pp. 4623-4642
Persistent link: https://www.econbiz.de/10012624654
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Financial intermediation chains in an OTC market
Shen, Ji; Wei, Bin; Yan, Hongjun - 2018
This paper analyzes financial intermediation chains in a search model with an endogenous intermediary sector. We show … that the chain length and price dispersion among interdealer trades are decreasing in search cost, search speed, and market … consistent with these predictions. Moreover, as search speed approaches infinity, the search equilibrium does not always converge …
Persistent link: https://www.econbiz.de/10011939930