Efficiency and Information Transmission in Bilateral Trading
收藏NBER2015-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21495
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资源简介：
We study pairwise trading mechanisms in the presence of private information and limited commitment, whereby either trader can walk away from a proposed trade when he learns the trading price. We show that when one trader's information is relevant for the other trader's value of the asset, optimal
提供机构：
美国国家经济研究局
创建时间：
2015-08-01
