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Trade Mechanism Selection in Markets with Frictions
Camera, Gabriele; Delacroix, Alain - In: Review of Economic Dynamics 7 (2004) 4, pp. 851-868
We endogenize the trade mechanism in a search economy with many homogenous sellers and many heterogeneous buyers of …
Persistent link: https://www.econbiz.de/10005085604
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Trade Mechanism Selection in Markets with Frictions.
Camera, Gabriele; Delacroix, Alain - Krannert School of Management, Purdue University - 2003
We endogenize the trade mechanism in a search economy with many homogenous sellers and many heterogeneous buyers of …
Persistent link: https://www.econbiz.de/10005835330
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Splitting games : Nash equilibrium and the optimisation problem
Martins, Ana Paula - 2010
This research states the stylised n (more than two) players' splitting problem as a mathematical programme, relying on definitions of the values of the game and problem stationarity to generate tractable reduced forms, and derives the known solutions according to the properties of pertaining...
Persistent link: https://www.econbiz.de/10011524731
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Automated Multilateral Negotiation on Multiple Issues with Private Information
Zheng, Ronghuo - 2019
experiments that our distributed negotiation strategy yields performance sufficiently close to the Nash bargaining solution, and …
Persistent link: https://www.econbiz.de/10012903886
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Nash Bargaining Partitioning in Decentralized Portfolio Management
Benita, Fancisco; Nasini, Stefano; Nessah, Rabia - 2021
Nash bargaining partitioning for a class of decentralized investment problems, where intermediaries are in charge of the …
Persistent link: https://www.econbiz.de/10013217563
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The rate of convergence to perfect competition of matching and bargaining mechanisms
Shneyerov, Artyom (contributor);  … - 2008
. -- Matching and bargaining ; search ; double auctions ; foundations for perfect competition ; rate of convergence …). This class of games includes a simple random-proposer TIOLI game, but also many other interesting bargaining games. A … converge to the Walrasian limit, at the fastest possible rate O(t) among all bargaining mechanisms. Some important bargaining …
Persistent link: https://www.econbiz.de/10003782133
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Bargaining and reputation in search markets
Atakan, Alp; Ekmekci, Mehmet - 2010
In a two-sided search market agents are paired to bargain over a unit surplus. The matching market serves as an … endogenous outside option for a bargaining agent. Behavioral agents are commitment types that demand a constant portion of the …, there is one-sided reputation building in bargaining, and commitment types on the short side determine the terms of trade …
Persistent link: https://www.econbiz.de/10008665719
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A Theory of Sticky Rents : Search and Bargaining with Incomplete Information
Verbrugge, Randal - 2017
consistent with these facts. In this theory, search and bargaining with incomplete information generates stickiness in the … place low value on the unit search elsewhere and leave. Landlords with one unit loathe vacancy and offer tenants the … identical contract to pre-empt search; only those who really hate the unit leave …
Persistent link: https://www.econbiz.de/10012955614
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Bargaining and News
Daley, Brendan - 2019
We study a bargaining model in which a buyer makes frequent offers to a privately informed seller, while gradually …
Persistent link: https://www.econbiz.de/10012903407
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Price Discovery in a Matching and Bargaining Market with Aggregate Uncertainty
Shneyerov, Artyom - 2019
We introduce aggregate uncertainty into a Rubinstein and Wolinsky (1985)-type dynamic matching and bilateral bargaining …-it-or-leave-it offers. The only information transmitted in a meeting is the time a trader spent on the market. There are two kinds of search … frictions: time discounting and exogenous exit. We find that as the search frictions vanish, the market discovers the …
Persistent link: https://www.econbiz.de/10012898727