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This paper studies a large majority election with voters who have heterogeneous, private preferences and exogenous private signals. We show that a Bayesian persuader can implement any state-contingent outcome in some equilibrium by providing additional information. In this setting, without the...
Persistent link: https://www.econbiz.de/10012614794
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs. Traders exit the market at a constant rate, inducing search costs (frictions). All price offers are made by sellers. Despite the fact that sellers have all the bargaining power...
Persistent link: https://www.econbiz.de/10003730623
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This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs. Traders exit the market at a constant rate, inducing search costs (frictions). All price offers are made by sellers. Despite the fact that sellers have all the bargaining power...
Persistent link: https://www.econbiz.de/10010264835
Persistent link: https://www.econbiz.de/10003525397
Persistent link: https://www.econbiz.de/10011552230
I consider a simple bilateral trading game between a seller and a buyer who have private valuations for an indivisible good. The seller makes a price offer which the buyer can either accept or reject. If the seller can observe the valuation of the buyer (if information is symmetric), then...
Persistent link: https://www.econbiz.de/10012940429
We study information aggregation with a biased election organizer who recruits voters at some cost. Voters are symmetric ex-ante and prefer policy a in state a and policy b in state B, but the organizer prefers policy a regardless of the state. Each recruited voter observes a private signal...
Persistent link: https://www.econbiz.de/10012929373
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