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Optimal robust bilateral trade: risk neutrality

Research output: Contribution to journalArticle

Author(s)

Jernej Čopič, Clara Ponsati Obiols

School/Research organisations

Abstract

A risk neutral seller and buyer with private information bargain over an indivisible item. We prove that optimal robust bilateral trade mechanisms are payoff equivalent to non-wasteful randomized posted prices.
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Details

Original languageEnglish
Pages (from-to)276-287
JournalJournal of Economic Theory
Volume163
Early online date29 Dec 2015
DOIs
Publication statusPublished - May 2016

    Research areas

  • Bilateral trade, Incomplete information, Mechanism design, Robustness, Efficiency

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