Competing mechanisms

Michael Peters

Canadian Journal of Economics, 2014, vol. 47, issue 2, 373-397

Abstract: The recent literature on competing mechanisms has devoted a lot of effort at understanding a very complex and abstract issue. In particular, an agent's type in a competitive environment is hard to conceptualize because it depends on information the agent has about what is going on in the rest of the market. This paper explains why this is such an important practical problem and illustrates how the literature has solved it.

Date: 2014
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