Efficient Trading

Robert Wilson ()

Chapter 4 in Issues in Contemporary Microeconomics and Welfare, 1985, pp 169-208 from Palgrave Macmillan

Abstract: Abstract A main concern of economic theory is to explain how markets work. This task has been pursued recently with attention to details neglected in earlier studies. In addition, the scope of the investigation has been widened to address issues about the efficient organization of trade. The purpose of this exposition is to describe some of these developments.

Keywords: Nash Equilibrium; Private Information; Reservation Price; Trading Rule; Price Auction (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06876-0_4

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DOI: 10.1007/978-1-349-06876-0_4

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