Ex Post Individually Rational Trading Mechanisms

Francoise Forges

Working Papers from Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor.

Abstract: We model the trading possibilities of one seller and n potential buyers as a strategic game, which extends the two-person sealed-bid double auction. We introduce particular communication equilibria for this game, the self-fulfilling equilibria. In the case of arbitrary informational externalities, we show that self-fulfilling equilibria are euqivalent to veto-incentive compatible mechanisms.

Keywords: GAMES; TRADE (search for similar items in EconPapers)
JEL-codes: C7 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Ex post individually rational trading mechanisms (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:pnegmi:9810

Access Statistics for this paper

More papers in Working Papers from Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. THEMA, Universite de Paris X-Nanterre, U.F.R. de science economiques, gestion, mathematiques et informatique, 200, avenue de la Republique 92001 Nanterre CEDEX..
Bibliographic data for series maintained by Thomas Krichel ().