Multidimensional bargaining and posted prices

Hagen, Martin Norbert; Hernando, Ángel

Multidimensional bargaining and posted prices

Author(s): Hagen, Martin Norbert; Hernando, Ángel

Publisher: Elsevier

Issued date: 2021-09-01

Citation: Hagen, M., & Hernando-Veciana, Á. (2021). Multidimensional bargaining and posted prices. Journal of Economic Theory, 196, p. 105317.

ISSN: 0022-0531

DOI: https://doi.org/10.1016/j.jet.2021.105317

xmlui.dri2xhtml.METS-1.0.item-contributor-funder: Ministerio de Economía y Competitividad (España)
Comunidad de Madrid

Sponsor: We gratefully acknowledge financial support from the Spanish Ministry of Economy and Competitiveness, grants MDM 2014-0431 and ECO2015-68406-P, as well as from Comunidad de Madrid, grant MadEco-CM.

Project: Gobierno de España. ECO2015-68406-P
Gobierno de España. MDM 2014-0431
Comunidad de Madrid. MadEco-CM

Keywords: Mechanism design , Bilateral trade , Multidimensional private information , Posted prices , Dominant strategies , Collusion-proofness

JEL Classification: C72 , D82

URI: http://hdl.handle.net/10016/35479

Rights: © Elsevier
Atribución-NoComercial-SinDerivadas 3.0 España

Abstract:

A seller and a buyer bargain over the quantities and prices of multiple goods. Both agents have private information about their preferences. Utility is quasilinear in money. We show that a deterministic mechanism satisfies (i) dominant-strategy incentive compa [+]

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