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We study the endogenous determination of the trading mechanism in a search economy with a continuum of homogenous sellers and heterogeneous buyers.
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This paper derives sufficient conditions for a class of games of complete information , such as first price auctions … private information about his own type (for example, a bidder's value for an object or a firm's marginal cost of production …
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This paper analyzes how an incumbent's price policy may signal information not only on demand level but also on demand … composition. We show that uniform pricing may have advantages over third degree price discrimination when there are informational …
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This paper addresses the issue of selecting pricing institutions in a bilateral monopoly. Suppose a bayer and seller … can benefit from exchanging one unit of a good. The selelr is entitled to select the pricing institution. He can either …
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